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auctions / 2Y / 2016-12-27

Official Result (MOF)

Auction Date2016-12-27
Issue Date2017-01-16
IssueJGB (2-Year) No. 372(new)
Coupon (%)0.1%
Maturity2019-01-15
Methodprice conventional
Offering¥2.3T
Competitive Bids¥9.4T
Accepted Amount¥2.1T
Lowest Accepted Price100.51(-0.154%)
Weighted Avg Price100.52(-0.157%)
Allotment Ratio
Non-competitive I¥205.1B
Non-competitive II¥256.2B

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372回)
Legal basis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項及び東日本大震災からの復興のための施策を実施するために必要な財源の確保に関する特別措置法(平成23年法律第117号)第69条第4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47条第1項
Coupon dates毎年1月15日及び7月15日
Planned amount¥2.3T
Bid deadline2016-12-27 12:00
Payment date2017-01-16
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover4.514.274.543.785.52-0.05
Tail (sen)10106-0.51
Non-competitive take-up18.1%20.2%
GradeC (score +0.23)(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)0.30.2

Same-tenor Auction History

4.005.002015-122016-042016-082016-12
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2016-12-27JGB (2-Year) No. 3724.511-0.157
2016-11-29JGB (2-Year) No. 3714.270-0.156
2016-10-27JGB (2-Year) No. 3704.410-0.237
2016-09-29JGB (2-Year) No. 3693.782-0.263
2016-08-30JGB (2-Year) No. 3684.440-0.193
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