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auctions / 2Y / 2024-02-29

Official Result (MOF)

Auction Date2024-02-29
Issue Date2024-03-01
IssueJGB (2-Year) No. 458(new)
Coupon (%)0.2%
Maturity2026-03-01
Methodprice conventional
Offering¥2.9T
Competitive Bids¥8.5T
Accepted Amount¥2.3T
Lowest Accepted Price100.03(0.187%)
Weighted Avg Price100.04(0.180%)
Allotment Ratio
Non-competitive I¥552.5B
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458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3月1日及び9月1日
Planned amount¥2.9T
Bid deadline2024-02-29 11:50
Payment date2024-03-01
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.623.743.602.914.26+0.04
Tail (sen)11112+0.55
Non-competitive take-up19.1%26.0%
GradeC (score -0.26)(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)0.70.7

Same-tenor Auction History

3.003.504.002023-022023-062023-102024-02
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2024-02-29JGB (2-Year) No. 4583.6210.180
2024-01-30JGB (2-Year) No. 4573.7410.075
2023-12-26JGB (2-Year) No. 4563.3420.064
2023-11-30JGB (2-Year) No. 4552.9110.046
2023-10-30JGB (2-Year) No. 4543.0420.106
2023-09-28JGB (2-Year) No. 4533.2710.045
2023-08-29JGB (2-Year) No. 4523.2120.011
2023-07-27JGB (2-Year) No. 4513.951-0.045
2023-06-29JGB (2-Year) No. 4504.261-0.062
2023-05-30JGB (2-Year) No. 4493.771-0.058
2023-04-26JGB (2-Year) No. 4483.701-0.042
2023-03-30JGB (2-Year) No. 4473.891-0.063
2023-02-28JGB (2-Year) No. 4464.111-0.027