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auctions / 2Y / 2008-07-29

Official Result (MOF)

Auction Date2008-07-29
Issue Date2008-08-15
IssueJGB (2-Year) No. 271(new)
Coupon (%)0.8%
Maturity2010-08-15
Methodprice conventional
Offering¥1.7T
Competitive Bids¥5.1T
Accepted Amount¥1.5T
Lowest Accepted Price100.00(0.797%)
Weighted Avg Price100.01(0.796%)
Allotment Ratio
Non-competitive I¥138.8B
Non-competitive II¥900M

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271回)
Legal basis特別会計に関する法律(平成19年法律第23号)第46条第1項及び第62条第1項
Coupon dates毎年2月15日及び8月15日
Planned amount¥1.7T
Bid deadline2008-07-29 12:00
Payment date2008-08-15
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.302.473.242.374.87+0.10
Tail (sen)01102-1.34
Non-competitive take-up8.3%7.1%
GradeB (score +0.72)(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)0.10.6

Same-tenor Auction History

3.004.002007-072007-112008-032008-07
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2008-07-29JGB (2-Year) No. 2713.3000.796
2008-06-24JGB (2-Year) No. 2702.4710.868
2008-05-29JGB (2-Year) No. 2693.2120.900
2008-04-24JGB (2-Year) No. 2683.1010.712
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