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auctions / 40Y / 2024-01-25

Official Result (MOF)

Auction Date2024-01-25
Issue Date2024-01-26
IssueJGB (40-Year) No. 16(reopen)
Coupon (%)1.3%
Maturity2063-03-20
Methodyield Dutch
Offering¥700B
Competitive Bids¥1.5T
Accepted Amount¥699.5B
Lowest Accepted Price82.87(1.925%)
Weighted Avg Price
Allotment Ratio
Non-competitive I
Non-competitive II¥69.3B

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16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 deadline2024-01-25 11:50
Payment date2024-01-26
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/Cover2.152.212.492.192.95-1.64
Tail (sen)
Non-competitive take-up9.0%0.0%
GradeE (score -1.64)(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

2.502022-012022-092023-052024-01
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2024-01-25JGB (40-Year) No. 162.151.925
2023-11-28JGB (40-Year) No. 162.211.810
2023-09-26JGB (40-Year) No. 162.951.725
2023-07-25JGB (40-Year) No. 162.541.465
2023-05-25JGB (40-Year) No. 162.381.385
2023-03-28JGB (40-Year) No. 152.691.465
2023-01-26JGB (40-Year) No. 152.551.625
2022-11-25JGB (40-Year) No. 152.351.580
2022-09-27JGB (40-Year) No. 152.361.520
2022-07-26JGB (40-Year) No. 152.701.345
2022-05-26JGB (40-Year) No. 152.421.070
2022-03-29JGB (40-Year) No. 142.191.095
2022-01-25JGB (40-Year) No. 142.570.760