Official Result (MOF)
| Auction Date | 1980-07-07 |
|---|
| Issue Date | 1980-07-22 |
|---|
| Issue | JGB (4-Year) No. 3（new） |
|---|
| Coupon (%) | 8.2% |
|---|
| Maturity | 1984-08-20 |
|---|
| Method | price conventional |
|---|
| Offering | ¥150B |
|---|
| Competitive Bids | ¥353.2B |
|---|
| Accepted Amount | ¥148.4B |
|---|
| Lowest Accepted Price | 99.42（8.390%） |
|---|
| Weighted Avg Price | 99.50（8.364%） |
|---|
| Allotment Ratio | — |
|---|
| Non-competitive I | — |
|---|
| Non-competitive II | — |
|---|
Source: https://www.mof.go.jp/jgbs/reference/appendix/jgb_historical_data.xls
Derived Metrics calc auction-v1 / auction-v2
| This | Prev | avg (12) | min | max | z |
|---|
| Bid/Cover | 2.38 | 6.94 | 6.94 | 6.94 | 6.94 | — |
| Tail (sen) | 8 | 21 | 21 | 21 | 21 | — |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | — | (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) | 2.6 | 7.0 |
Same-tenor Auction History
| Auction Date | Issue | Bid/Cover | Tail (sen) | Avg Yield (%) |
|---|
| 1980-07-07 | JGB (4-Year) No. 3 | 2.38 | 8 | 8.364 |
| 1980-06-02 | JGB (4-Year) No. 2 | 6.94 | 21 | 8.087 |