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auctions / 2Y / 2009-11-25

Official Result (MOF)

Auction Date2009-11-25
Issue Date2009-12-15
IssueJGB (2-Year) No. 287(new)
Coupon (%)0.3%
Maturity2011-12-15
Methodprice conventional
Offering¥2.6T
Competitive Bids¥9.4T
Accepted Amount¥2.4T
Lowest Accepted Price100.12(0.239%)
Weighted Avg Price100.12(0.237%)
Allotment Ratio
Non-competitive I¥195.2B
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287回)
Legal basis財政法(昭和22年法律第34号)第4条第1項及び財政運営に必要な財源の確保を図るための公債の発行及び財政投融資特別会計からの繰入れの特例に関する法律(平成21年法律第17号)第2条第1項並びに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6月15日及び12月15日
Planned amount¥2.6T
Bid deadline2009-11-25 12:00
Payment date2009-12-15
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.923.022.952.403.56+3.10
Tail (sen)01101-0.65
Non-competitive take-up7.5%8.2%
GradeA (score +1.87)(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)0.20.3

Same-tenor Auction History

3.002008-112009-032009-072009-11
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2009-11-25JGB (2-Year) No. 2873.9200.237
2009-10-28JGB (2-Year) No. 2863.0210.274
2009-09-29JGB (2-Year) No. 2852.4900.233
2009-08-27JGB (2-Year) No. 2842.9410.243
2009-07-30JGB (2-Year) No. 2833.0900.270
2009-06-25JGB (2-Year) No. 2823.5610.335
2009-05-28JGB (2-Year) No. 2812.8010.353
2009-04-23JGB (2-Year) No. 2802.7810.396
2009-03-25JGB (2-Year) No. 2793.1810.400
2009-02-26JGB (2-Year) No. 2782.9500.406
2009-01-29JGB (2-Year) No. 2773.3400.423
2008-12-18JGB (2-Year) No. 2762.4010.446
2008-11-27JGB (2-Year) No. 2752.8010.594