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auctions / 2Y / 2011-11-29

Official Result (MOF)

Auction Date2011-11-29
Issue Date2011-12-15
IssueJGB (2-Year) No. 311(new)
Coupon (%)0.2%
Maturity2013-12-15
Methodprice conventional
Offering¥2.7T
Competitive Bids¥9T
Accepted Amount¥2.5T
Lowest Accepted Price100.11(0.147%)
Weighted Avg Price100.11(0.146%)
Allotment Ratio
Non-competitive I¥214.7B
Non-competitive II¥74.5B

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311回)
Legal basis財政法(昭和22年法律第34号)第4条第1項及び平成23年度における公債の発行の特例に関する法律(平成23年法律第106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62条第1項
Coupon dates毎年6月15日及び12月15日
Planned amount¥2.7T
Bid deadline2011-11-29 12:00
Payment date2011-12-15
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.604.074.213.195.33-0.80
Tail (sen)00101-0.91
Non-competitive take-up10.4%18.9%
GradeC (score +0.05)(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)0.10.0

Same-tenor Auction History

4.005.002010-112011-032011-072011-11
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2011-11-29JGB (2-Year) No. 3113.6000.146
2011-10-26JGB (2-Year) No. 3104.0700.149
2011-09-27JGB (2-Year) No. 3093.2900.133
2011-08-30JGB (2-Year) No. 3083.6210.136
2011-07-28JGB (2-Year) No. 3074.7210.159
2011-06-23JGB (2-Year) No. 3063.9410.152
2011-05-30JGB (2-Year) No. 3055.3100.173
2011-04-26JGB (2-Year) No. 3045.1300.208
2011-03-24JGB (2-Year) No. 3034.7700.230
2011-02-24JGB (2-Year) No. 3023.7010.241
2011-01-27JGB (2-Year) No. 3015.3300.196
2010-12-22JGB (2-Year) No. 3003.5010.229
2010-11-25JGB (2-Year) No. 2993.1900.171