Official Result (MOF)
| Auction Date | 1995-10-31 |
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| Issue Date | 1995-11-20 |
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| Issue | JGB (4-Year) No. 37（new） |
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| Coupon (%) | 1.3% |
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| Maturity | 1999-11-22 |
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| Method | price conventional |
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| Offering | ¥600B |
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| Competitive Bids | ¥1.3T |
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| Accepted Amount | ¥665B |
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| Lowest Accepted Price | 99.64（1.394%） |
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| Weighted Avg Price | 99.77（1.359%） |
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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 |
|---|
| Bid/Cover | 1.93 | 1.95 | 2.45 | 1.06 | 3.57 | -0.62 |
| Tail (sen) | 13 | 13 | 12 | 3 | 46 | +0.13 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | D (score -0.37) | (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) | 3.5 | 3.6 |
Same-tenor Auction History