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auctions / 4Y / 1993-11-10

Official Result (MOF)

Auction Date1993-11-10
Issue Date1993-11-22
IssueJGB (4-Year) No. 25(new)
Coupon (%)2.4%
Maturity1997-11-20
Methodprice conventional
Offering¥500B
Competitive Bids¥2.1T
Accepted Amount¥499.2B
Lowest Accepted Price100.26(2.328%)
Weighted Avg Price100.33(2.308%)
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

ThisPrevavg (12)minmaxz
Bid/Cover4.271.291.981.124.95+2.42
Tail (sen)72713427-0.84
Non-competitive take-up0.0%0.0%
GradeA (score +1.63)(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)2.08.1

Same-tenor Auction History

2.004.001983-071984-111985-121993-11
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
1993-11-10JGB (4-Year) No. 254.2772.308
1988-05-10JGB (4-Year) No. 241.29273.990
1987-04-07JGB (4-Year) No. 231.8893.714
1986-05-09JGB (4-Year) No. 221.86274.561
1985-12-05JGB (4-Year) No. 212.3496.536
1985-09-06JGB (4-Year) No. 201.12126.365
1985-03-15JGB (4-Year) No. 191.77136.730
1985-02-08JGB (4-Year) No. 184.95116.622
1984-11-07JGB (4-Year) No. 171.5366.456
1984-10-03JGB (4-Year) No. 161.6376.825
1984-02-16JGB (4-Year) No. 152.03136.374
1983-10-05JGB (4-Year) No. 141.50226.982
1983-07-14JGB (4-Year) No. 131.8347.326