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auctions / 2Y / 2017-10-26

Official Result (MOF)

Auction Date2017-10-26
Issue Date2017-11-15
IssueJGB (2-Year) No. 382(new)
Coupon (%)0.1%
Maturity2019-11-15
Methodprice conventional
Offering¥2.2T
Competitive Bids¥10.6T
Accepted Amount¥1.8T
Lowest Accepted Price100.48(-0.141%)
Weighted Avg Price100.49(-0.143%)
Allotment Ratio
Non-competitive I¥412.3B
Non-competitive II¥163.9B

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382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、第47条第1項及び第62条第1項
Coupon dates毎年5月15日及び11月15日
Planned amount¥2.2T
Bid deadline2017-10-26 12:00
Payment date2017-11-15
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover5.934.114.833.826.79+1.38
Tail (sen)01102-0.49
Non-competitive take-up24.4%17.9%
GradeB (score +0.94)(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)0.20.5

Same-tenor Auction History

4.006.002016-102017-022017-062017-10
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2017-10-26JGB (2-Year) No. 3825.930-0.143
2017-09-28JGB (2-Year) No. 3814.111-0.119
2017-08-31JGB (2-Year) No. 3804.971-0.149
2017-07-27JGB (2-Year) No. 3795.350-0.115
2017-06-27JGB (2-Year) No. 3786.790-0.103
2017-05-30JGB (2-Year) No. 3775.061-0.162
2017-04-28JGB (2-Year) No. 3765.510-0.193
2017-03-30JGB (2-Year) No. 3753.821-0.206
2017-02-28JGB (2-Year) No. 3743.932-0.252
2017-01-30JGB (2-Year) No. 3735.190-0.173
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