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auctions / 2Y / 2014-07-29

Official Result (MOF)

Auction Date2014-07-29
Issue Date2014-08-15
IssueJGB (2-Year) No. 343(new)
Coupon (%)0.1%
Maturity2016-08-15
Methodprice conventional
Offering¥2.7T
Competitive Bids¥14.7T
Accepted Amount¥2.5T
Lowest Accepted Price100.06(0.067%)
Weighted Avg Price100.07(0.066%)
Allotment Ratio
Non-competitive I¥228.8B
Non-competitive II¥86.4B

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343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¥2.7T
Bid deadline2014-07-29 12:00
Payment date2014-08-15
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover5.944.836.354.839.27-0.34
Tail (sen)00001-0.88
Non-competitive take-up11.3%18.8%
GradeC (score +0.27)(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

6.008.002013-072013-112014-032014-07
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2014-07-29JGB (2-Year) No. 3435.9400.066
2014-06-26JGB (2-Year) No. 3424.8300.084
2014-05-29JGB (2-Year) No. 3416.2000.086
2014-04-24JGB (2-Year) No. 3405.9000.089
2014-03-27JGB (2-Year) No. 3396.5800.082
2014-02-27JGB (2-Year) No. 3385.1500.073
2014-01-30JGB (2-Year) No. 3377.1700.083
2013-12-25JGB (2-Year) No. 3365.5510.094
2013-11-28JGB (2-Year) No. 3356.5300.086
2013-10-29JGB (2-Year) No. 3347.9610.094
2013-09-27JGB (2-Year) No. 3335.5010.093
2013-08-29JGB (2-Year) No. 3325.5500.112
2013-07-30JGB (2-Year) No. 3319.2710.127