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auctions / 30Y / 2014-04-11

Official Result (MOF)

Auction Date2014-04-11
Issue Date2014-04-15
IssueJGB (30-Year) No. 42(reopen)
Coupon (%)1.7%
Maturity2044-03-20
Methodprice conventional
Offering¥700B
Competitive Bids¥1.9T
Accepted Amount¥636.8B
Lowest Accepted Price100.00(1.700%)
Weighted Avg Price100.07(1.696%)
Allotment Ratio
Non-competitive I¥62.3B
Non-competitive II¥102B

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(30年)(第42回)
Legal basis財政法(昭和22年法律第34号)第4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3月20日及び9月20日
Planned amount¥700B
Bid deadline2014-04-11 12:00
Payment date2014-04-15
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.934.283.913.344.40-2.98
Tail (sen)724241116-0.59
Non-competitive take-up20.5%7.5%
GradeE (score -1.20)(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)0.41.2

Same-tenor Auction History

3.004.002013-042013-082013-122014-04
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2014-04-11JGB (30-Year) No. 422.9371.696
2014-03-06JGB (30-Year) No. 424.28241.635
2014-02-06JGB (30-Year) No. 413.43281.587
2014-01-15JGB (30-Year) No. 413.34141.665
2013-12-10JGB (30-Year) No. 414.1571.704
2013-11-12JGB (30-Year) No. 404.4051.616
2013-10-10JGB (30-Year) No. 404.0761.630
2013-09-10JGB (30-Year) No. 403.87141.803
2013-08-09JGB (30-Year) No. 394.14261.791
2013-07-04JGB (30-Year) No. 393.9611.894
2013-06-06JGB (30-Year) No. 394.06321.865
2013-05-14JGB (30-Year) No. 383.57181.775
2013-04-11JGB (30-Year) No. 383.641161.492