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auctions / 2Y / 2016-03-25

Official Result (MOF)

Auction Date2016-03-25
Issue Date2016-04-15
IssueJGB (2-Year) No. 363(new)
Coupon (%)0.1%
Maturity2018-04-15
Methodprice conventional
Offering¥2.3T
Competitive Bids¥10.6T
Accepted Amount¥2.1T
Lowest Accepted Price100.63(-0.211%)
Weighted Avg Price100.65(-0.221%)
Allotment Ratio
Non-competitive I¥190.4B
Non-competitive II¥114.1B

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363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
Coupon dates毎年4月15日及び10月15日
Planned amount¥2.3T
Bid deadline2016-03-25 12:00
Payment date2016-04-15
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover5.014.344.293.715.18+1.50
Tail (sen)22102+4.15
Non-competitive take-up12.6%18.6%
GradeE (score -1.33)(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)1.00.7

Same-tenor Auction History

4.005.002015-032015-072015-112016-03
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2016-03-25JGB (2-Year) No. 3635.012-0.221
2016-02-25JGB (2-Year) No. 3624.342-0.183
2016-01-28JGB (2-Year) No. 3614.841-0.018
2015-12-22JGB (2-Year) No. 3604.721-0.013
2015-11-27JGB (2-Year) No. 3595.180-0.004
2015-10-22JGB (2-Year) No. 3584.2000.011
2015-09-29JGB (2-Year) No. 3573.7100.010
2015-08-27JGB (2-Year) No. 3564.3900.008
2015-07-28JGB (2-Year) No. 3553.8400.005
2015-06-25JGB (2-Year) No. 3543.7100.001
2015-05-28JGB (2-Year) No. 3533.8300.001
2015-04-28JGB (2-Year) No. 3523.9010.000
2015-03-26JGB (2-Year) No. 3514.8010.030