Official Result (MOF)
| Auction Date | 1994-08-03 |
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| Issue Date | 1994-08-22 |
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| Issue | JGB (6-Year) No. 5（new） |
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| Coupon (%) | 3.7% |
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| Maturity | 2000-08-21 |
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| Method | price conventional |
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| Offering | ¥300B |
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| Competitive Bids | ¥433.2B |
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| Accepted Amount | ¥293.9B |
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| Lowest Accepted Price | 98.35（4.041%） |
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| Weighted Avg Price | 98.73（3.960%） |
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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 | 1.47 | 4.00 | 3.17 | 2.37 | 4.00 | — |
| Tail (sen) | 38 | 2 | 10 | 2 | 19 | — |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | — | (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) | 8.1 | 0.5 |
Same-tenor Auction History
| Auction Date | Issue | Bid/Cover | Tail (sen) | Avg Yield (%) |
|---|
| 1994-08-03 | JGB (6-Year) No. 5 | 1.47 | 38 | 3.960 |
| 1994-05-11 | JGB (6-Year) No. 4 | 4.00 | 2 | 3.497 |
| 1994-03-10 | JGB (6-Year) No. 3 | 2.37 | 19 | 3.827 |
| 1994-02-15 | JGB (6-Year) No. 2 | 3.15 | 10 | 3.255 |