Official Result (MOF)
| Auction Date | 1981-12-23 |
|---|
| Issue Date | 1982-01-14 |
|---|
| Issue | JGB (4-Year) No. 8（new） |
|---|
| Coupon (%) | 7.2% |
|---|
| Maturity | 1986-01-20 |
|---|
| Method | price conventional |
|---|
| Offering | ¥200B |
|---|
| Competitive Bids | ¥320.1B |
|---|
| Accepted Amount | ¥202.7B |
|---|
| Lowest Accepted Price | 98.75（7.606%） |
|---|
| Weighted Avg Price | 98.82（7.581%） |
|---|
| 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 | 1.58 | 2.23 | 2.87 | 1.39 | 6.94 | -0.62 |
| Tail (sen) | 7 | 4 | 9 | 4 | 21 | -0.25 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | C (score -0.19) | (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) | 2.5 | 1.4 |
Same-tenor Auction History
| Auction Date | Issue | Bid/Cover | Tail (sen) | Avg Yield (%) |
|---|
| 1981-12-23 | JGB (4-Year) No. 8 | 1.58 | 7 | 7.581 |
| 1981-11-11 | JGB (4-Year) No. 7 | 2.23 | 4 | 7.886 |
| 1981-04-08 | JGB (4-Year) No. 6 | 1.39 | 6 | 7.852 |
| 1981-01-12 | JGB (4-Year) No. 4 | 1.43 | 4 | 8.437 |
| 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 |