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auctions / 4Y / 1994-01-11

Official Result (MOF)

Auction Date1994-01-11
Issue Date1994-01-20
IssueJGB (4-Year) No. 26(reopen)
Coupon (%)2.2%
Maturity1997-12-22
Methodprice conventional
Offering¥700B
Competitive Bids¥1.1T
Accepted Amount¥735.7B
Lowest Accepted Price99.71(2.280%)
Weighted Avg Price99.79(2.257%)
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/Cover1.461.822.211.124.95-0.66
Tail (sen)8612627-0.60
Non-competitive take-up0.0%0.0%
GradeC (score -0.03)(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)2.31.7

Same-tenor Auction History

2.004.001984-021985-031987-041994-01
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
1994-01-11JGB (4-Year) No. 261.4682.257
1993-12-08JGB (4-Year) No. 261.8262.183
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