Official Result (MOF)
| Auction Date | 1999-09-30 |
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| Issue Date | 1999-10-20 |
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| Issue | JGB (4-Year) No. 57（new） |
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| Coupon (%) | 0.7% |
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| Maturity | 2003-10-20 |
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| Method | price conventional |
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| Offering | ¥1T |
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| Competitive Bids | ¥1.9T |
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| Accepted Amount | ¥993.7B |
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| Lowest Accepted Price | 99.86（0.736%） |
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| Weighted Avg Price | 99.90（0.725%） |
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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 | 1.86 | 1.53 | 2.53 | 1.53 | 3.39 | -1.29 |
| Tail (sen) | 4 | 11 | 5 | 2 | 11 | -0.39 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | D (score -0.45) | (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 | 2.8 |
Same-tenor Auction History