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auctions / 40Y / 2017-07-25

Official Result (MOF)

Auction Date2017-07-25
Issue Date2017-07-27
IssueJGB (40-Year) No. 10(reopen)
Coupon (%)0.9%
Maturity2057-03-20
Methodyield Dutch
Offering¥500B
Competitive Bids¥1.6T
Accepted Amount¥499.3B
Lowest Accepted Price95.30(1.045%)
Weighted Avg Price
Allotment Ratio
Non-competitive I
Non-competitive II¥64.5B

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(40年)(第10回)
Legal basis財政法(昭和22年法律第34号)第4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62条第1項
Coupon dates毎年3月20日及び9月20日
Planned amount¥500B
Bid deadline2017-07-25 12:00
Payment date2017-07-27
Non-competitive IIheld
Price terms募入最高利回りを基礎として決定

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.202.872.822.303.07+1.69
Tail (sen)
Non-competitive take-up11.4%5.8%
GradeA (score +1.69)(z(B/C) − z(tail))/2 bucketed A(≥1)/B(≥0.3)/C/D(≤−0.3)/E(≤−1), vs last 12 same-tenor

Same-tenor Auction History

2.503.002015-042016-022016-112017-07
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2017-07-25JGB (40-Year) No. 103.201.045
2017-05-25JGB (40-Year) No. 102.870.965
2017-03-22JGB (40-Year) No. 92.950.935
2017-01-24JGB (40-Year) No. 92.990.865
2016-11-25JGB (40-Year) No. 92.980.725
2016-09-27JGB (40-Year) No. 92.730.560
2016-07-26JGB (40-Year) No. 92.890.345
2016-05-26JGB (40-Year) No. 93.070.400
2016-02-23JGB (40-Year) No. 83.061.130
2015-10-27JGB (40-Year) No. 82.891.475
2015-08-25JGB (40-Year) No. 82.301.535
2015-06-18JGB (40-Year) No. 82.601.590
2015-04-23JGB (40-Year) No. 82.581.470