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auctions / 2Y / 2025-04-24

Official Result (MOF)

Auction Date2025-04-24
Issue Date2025-05-01
IssueJGB (2-Year) No. 472(new)
Coupon (%)0.7%
Maturity2027-05-01
Methodprice conventional
Offering¥2.6T
Competitive Bids¥7T
Accepted Amount¥2T
Lowest Accepted Price100.01(0.694%)
Weighted Avg Price100.02(0.691%)
Allotment Ratio
Non-competitive I¥633.3B
Non-competitive II¥258.9B

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472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項及び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5月1日及び11月1日
Planned amount¥2.6T
Bid deadline2025-04-24 11:50
Payment date2025-05-01
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.583.413.983.165.54-0.63
Tail (sen)11101-0.39
Non-competitive take-up31.2%30.8%
GradeC (score -0.12)(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)0.30.6

Same-tenor Auction History

4.005.002024-042024-082024-122025-04
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2025-04-24JGB (2-Year) No. 4723.5810.691
2025-03-31JGB (2-Year) No. 4713.4110.863
2025-02-27JGB (2-Year) No. 4703.1610.826
2025-01-31JGB (2-Year) No. 4694.0610.727
2024-12-26JGB (2-Year) No. 4683.9510.602
2024-11-29JGB (2-Year) No. 4673.6310.582
2024-10-29JGB (2-Year) No. 4664.8710.454
2024-09-30JGB (2-Year) No. 4653.8110.392
2024-08-29JGB (2-Year) No. 4645.5400.385
2024-07-26JGB (2-Year) No. 4634.1910.409
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