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auctions / 30Y / 2018-12-11

Official Result (MOF)

Auction Date2018-12-11
Issue Date2018-12-12
IssueJGB (30-Year) No. 60(reopen)
Coupon (%)0.9%
Maturity2048-09-20
Methodprice conventional
Offering¥700B
Competitive Bids¥2.1T
Accepted Amount¥565.7B
Lowest Accepted Price102.50(0.796%)
Weighted Avg Price102.55(0.794%)
Allotment Ratio
Non-competitive I¥133.5B
Non-competitive II¥70B

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60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47条第1項
Coupon dates毎年3月20日及び9月20日
Planned amount¥700B
Bid deadline2018-12-11 11:50
Payment date2018-12-12
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.783.994.293.775.01-1.60
Tail (sen)555113-0.08
Non-competitive take-up26.5%25.8%
GradeD (score -0.76)(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)0.20.2

Same-tenor Auction History

4.004.505.002017-122018-042018-082018-12
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2018-12-11JGB (30-Year) No. 603.7850.794
2018-11-13JGB (30-Year) No. 603.9950.874
2018-10-11JGB (30-Year) No. 603.9240.898
2018-09-11JGB (30-Year) No. 594.2310.838
2018-08-09JGB (30-Year) No. 594.6860.850
2018-07-05JGB (30-Year) No. 595.0150.704
2018-06-19JGB (30-Year) No. 584.2270.707
2018-05-15JGB (30-Year) No. 584.4110.746
2018-04-12JGB (30-Year) No. 584.3460.714
2018-03-06JGB (30-Year) No. 584.2460.750
2018-02-08JGB (30-Year) No. 574.2750.820
2018-01-18JGB (30-Year) No. 573.77130.832
2017-12-07JGB (30-Year) No. 574.3840.848