Official Result (MOF)
| Auction Date | 1997-03-04 |
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| Issue Date | 1997-03-21 |
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| Issue | JGB (6-Year) No. 19（new） |
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| Coupon (%) | 1.6% |
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| Maturity | 2003-03-20 |
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| Method | price conventional |
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| Offering | ¥500B |
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| Competitive Bids | ¥1.1T |
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| Accepted Amount | ¥499.7B |
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| Lowest Accepted Price | 99.30（1.728%） |
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| Weighted Avg Price | 99.44（1.702%） |
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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 | 2.29 | 3.58 | 3.06 | 1.15 | 3.89 | -0.99 |
| Tail (sen) | 14 | 4 | 10 | 1 | 67 | +0.22 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | D (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) | 2.6 | 0.8 |
Same-tenor Auction History