Official Result (MOF)
| Auction Date | 2018-10-25 |
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| Issue Date | 2018-11-01 |
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| Issue | JGB (2-Year) No. 394（new） |
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| Coupon (%) | 0.1% |
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| Maturity | 2020-11-01 |
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| Method | price conventional |
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| Offering | ¥2.1T |
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| Competitive Bids | ¥9.2T |
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| Accepted Amount | ¥1.7T |
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| Lowest Accepted Price | 100.44（-0.116%） |
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| Weighted Avg Price | 100.44（-0.117%） |
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| Allotment Ratio | — |
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| Non-competitive I | ¥363B |
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| Non-competitive II | ¥226.6B |
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Source: https://www.mof.go.jp/jgbs/reference/appendix/jgb_historical_data.xls
Derived Metrics calc auction-v1 / auction-v2
| This | Prev | avg (12) | min | max | z |
|---|
| Bid/Cover | 5.31 | 4.37 | 4.98 | 4.32 | 5.93 | +0.64 |
| Tail (sen) | 0 | 1 | 0 | 0 | 1 | -1.03 |
| Non-competitive take-up | 25.4% | 17.1% | |
| Grade | B (score +0.84) | (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) | 0.1 | 0.3 |
Same-tenor Auction History