Official Result (MOF)
| Auction Date | 2023-12-26 |
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| Issue Date | 2024-01-04 |
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| Issue | JGB (2-Year) No. 456（new） |
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| Coupon (%) | 0.1% |
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| Maturity | 2026-01-01 |
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| Method | price conventional |
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| Offering | ¥2.9T |
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| Competitive Bids | ¥7.9T |
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| Accepted Amount | ¥2.4T |
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| Lowest Accepted Price | 100.05（0.074%） |
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| Weighted Avg Price | 100.07（0.064%） |
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| Allotment Ratio | — |
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| Non-competitive I | ¥544.9B |
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| Non-competitive II | ¥0M |
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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456回） |
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| 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項及び第47条第1項 |
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| Coupon dates | 毎年1月1日及び7月1日 |
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| Planned amount | ¥2.9T |
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| Bid deadline | 2023-12-26 11:50 |
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| Payment date | 2024-01-04 |
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| Non-competitive II | held |
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| Price terms | — |
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Derived Metrics calc auction-v1 / auction-v2
| This | Prev | avg (12) | min | max | z |
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| Bid/Cover | 3.34 | 2.91 | 3.64 | 2.91 | 4.26 | -0.72 |
| Tail (sen) | 2 | 1 | 1 | 0 | 2 | +1.78 |
| Non-competitive take-up | 18.8% | 18.6% | |
| Grade | E (score -1.25) | (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) | 1.0 | 0.6 |
Same-tenor Auction History