Official Result (MOF)
| Auction Date | 1998-02-03 |
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| Issue Date | 1998-02-20 |
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| Issue | JGB (4-Year) No. 48（new） |
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| Coupon (%) | 1.3% |
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| Maturity | 2002-02-20 |
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| Method | price conventional |
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| Offering | ¥400B |
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| Competitive Bids | ¥1.2T |
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| Accepted Amount | ¥399.1B |
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| Lowest Accepted Price | 99.67（1.387%） |
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| Weighted Avg Price | 99.71（1.374%） |
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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 | 2.94 | 2.49 | 2.63 | 1.82 | 3.36 | +0.62 |
| Tail (sen) | 4 | 5 | 6 | 3 | 14 | -0.57 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | B (score +0.60) | (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) | 1.3 | 1.5 |
Same-tenor Auction History