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auctions / 2Y / 2008-03-25

Official Result (MOF)

Auction Date2008-03-25
Issue Date2008-04-15
IssueJGB (2-Year) No. 267(new)
Coupon (%)0.6%
Maturity2010-04-15
Methodprice conventional
Offering¥1.7T
Competitive Bids¥4.4T
Accepted Amount¥1.6T
Lowest Accepted Price100.05(0.574%)
Weighted Avg Price100.06(0.567%)
Allotment Ratio
Non-competitive I¥122.9B
Non-competitive II¥0M

Source: https://www.mof.go.jp/jgbs/reference/appendix/jgb_historical_data.xls

Offering Terms (from MOF notice) documents →

Official name利付国庫債券(2年)(第267回)
Legal basis財政法(昭和22年法律第34号)第4条第1項及び特別会計に関する法律(平成19年法律第23号)第46条第1項
Coupon dates毎年4月15日及び10月15日
Planned amount¥1.7T
Bid deadline2008-03-25 12:00
Payment date2008-04-15
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.823.653.712.375.35-1.11
Tail (sen)21101+3.25
Non-competitive take-up7.3%10.5%
GradeE (score -2.18)(z(B/C) − z(tail))/2 bucketed A(≥1)/B(≥0.3)/C/D(≤−0.3)/E(≤−1), vs last 12 same-tenor
Yield tail (bp)0.70.4

Same-tenor Auction History

4.002007-032007-072007-112008-03
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2008-03-25JGB (2-Year) No. 2672.8220.567
2008-02-28JGB (2-Year) No. 2663.6510.596
2008-01-31JGB (2-Year) No. 2652.8910.541
2007-12-21JGB (2-Year) No. 2642.3710.698
2007-11-29JGB (2-Year) No. 2633.0510.777
2007-10-30JGB (2-Year) No. 2623.6800.778
2007-09-27JGB (2-Year) No. 2613.4510.878
2007-08-30JGB (2-Year) No. 2604.8700.873
2007-07-31JGB (2-Year) No. 2593.2601.010
2007-06-26JGB (2-Year) No. 2583.5811.022
2007-05-29JGB (2-Year) No. 2575.3500.973
2007-04-26JGB (2-Year) No. 2564.3310.866
2007-03-23JGB (2-Year) No. 2554.0210.804