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auctions / 2Y / 2016-07-28

Official Result (MOF)

Auction Date2016-07-28
Issue Date2016-08-15
IssueJGB (2-Year) No. 367(new)
Coupon (%)0.1%
Maturity2018-08-15
Methodprice conventional
Offering¥2.3T
Competitive Bids¥8.5T
Accepted Amount¥2.1T
Lowest Accepted Price100.87(-0.332%)
Weighted Avg Price100.93(-0.361%)
Allotment Ratio
Non-competitive I¥154B
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367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の特例に関する法律(平成24年法律第101号)第3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2月15日及び8月15日
Planned amount¥2.3T
Bid deadline2016-07-28 12:00
Payment date2016-08-15
Non-competitive II
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.954.964.583.715.52-1.19
Tail (sen)61102+9.49
Non-competitive take-up6.7%9.7%
GradeE (score -5.34)(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)2.90.4

Same-tenor Auction History

4.005.002015-072015-112016-032016-07
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2016-07-28JGB (2-Year) No. 3673.956-0.361
2016-06-28JGB (2-Year) No. 3664.961-0.299
2016-05-31JGB (2-Year) No. 3655.520-0.237
2016-04-27JGB (2-Year) No. 3644.201-0.254
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