Official Result (MOF)
| Auction Date | 1985-12-05 |
|---|
| Issue Date | 1985-12-20 |
|---|
| Issue | JGB (4-Year) No. 21（new） |
|---|
| Coupon (%) | 6.4% |
|---|
| Maturity | 1989-12-20 |
|---|
| Method | price conventional |
|---|
| Offering | ¥150B |
|---|
| Competitive Bids | ¥360.2B |
|---|
| Accepted Amount | ¥154B |
|---|
| Lowest Accepted Price | 99.47（6.567%） |
|---|
| Weighted Avg Price | 99.56（6.536%） |
|---|
| 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 | 2.34 | 1.12 | 2.01 | 1.12 | 4.95 | +0.33 |
| Tail (sen) | 9 | 12 | 10 | 4 | 22 | -0.28 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | B (score +0.30) | (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) | 3.1 | 3.9 |
Same-tenor Auction History