Official Result (MOF)
| Auction Date | 1998-07-28 |
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| Issue Date | 1998-08-20 |
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| Issue | JGB (4-Year) No. 51（new） |
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| Coupon (%) | 1% |
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| Maturity | 2002-08-20 |
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| Method | price conventional |
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| Offering | ¥500B |
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| Competitive Bids | ¥1.3T |
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| Accepted Amount | ¥496.8B |
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| Lowest Accepted Price | 99.93（1.018%） |
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| Weighted Avg Price | 99.97（1.007%） |
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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 | 2.59 | 3.12 | 2.60 | 1.82 | 3.22 | -0.02 |
| Tail (sen) | 4 | 4 | 6 | 3 | 14 | -0.55 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | C (score +0.27) | (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) | 1.1 | 1.1 |
Same-tenor Auction History