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auctions / 2Y / 2024-06-27

Official Result (MOF)

Auction Date2024-06-27
Issue Date2024-07-01
IssueJGB (2-Year) No. 462(new)
Coupon (%)0.4%
Maturity2026-07-01
Methodprice conventional
Offering¥2.6T
Competitive Bids¥7.6T
Accepted Amount¥2T
Lowest Accepted Price100.03(0.382%)
Weighted Avg Price100.04(0.378%)
Allotment Ratio
Non-competitive I¥621.5B
Non-competitive II¥223.9B

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462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
Coupon dates毎年1月1日及び7月1日
Planned amount¥2.6T
Bid deadline2024-06-27 11:50
Payment date2024-07-01
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.833.783.562.914.26+0.68
Tail (sen)11112-0.85
Non-competitive take-up30.0%29.9%
GradeB (score +0.77)(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)0.40.4

Same-tenor Auction History

3.003.504.002023-062023-102024-022024-06
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2024-06-27JGB (2-Year) No. 4623.8310.378
2024-05-30JGB (2-Year) No. 4613.7810.418
2024-04-23JGB (2-Year) No. 4603.4810.303
2024-03-29JGB (2-Year) No. 4594.0710.187
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