Official Result (MOF)
| Auction Date | 1994-11-15 |
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| Issue Date | 1994-11-30 |
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| Issue | JGB (4-Year) No. 31（new） |
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| Coupon (%) | 3.8% |
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| Maturity | 1998-11-20 |
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| Method | price conventional |
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| Offering | ¥400B |
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| Competitive Bids | ¥1.4T |
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| Accepted Amount | ¥399.7B |
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| Lowest Accepted Price | 99.63（3.907%） |
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| Weighted Avg Price | 99.67（3.893%） |
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| Allotment Ratio | — |
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| Non-competitive I | — |
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| Non-competitive II | — |
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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 |
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| Bid/Cover | 3.57 | 2.48 | 1.96 | 1.06 | 4.27 | +1.97 |
| Tail (sen) | 4 | 7 | 16 | 4 | 46 | -0.96 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | A (score +1.46) | (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) | 1.4 | 2.2 |
Same-tenor Auction History