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auctions / 10Y / 2008-08-07

Official Result (MOF)

Auction Date2008-08-07
Issue Date2008-08-12
IssueInflation-Indexed JGB (10-Year) No. 16(reopen)
Coupon (%)1.4%
Maturity2018-06-10
Methodprice conventional
Offering¥500B
Competitive Bids¥1.2T
Accepted Amount¥464.1B
Lowest Accepted Price101.65(1.212%)
Weighted Avg Price101.86(1.188%)
Allotment Ratio
Non-competitive I¥35.5B
Non-competitive II¥1B

Source: https://www.mof.go.jp/jgbs/reference/appendix/jgb_historical_data.xls

Offering Terms (from MOF notice) documents →

Official name
Legal basis
Coupon dates
Planned amount
Bid deadline
Payment date
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.524.074.002.925.34-2.12
Tail (sen)21161516
Non-competitive take-up7.3%8.9%
GradeE (score -2.12)(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)2.4

Same-tenor Auction History

3.004.005.002006-082007-042007-122008-08
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2008-08-07Inflation-Indexed JGB (10-Year) No. 162.52211.188
2008-06-05Inflation-Indexed JGB (10-Year) No. 164.071.400
2008-04-03Inflation-Indexed JGB (10-Year) No. 152.921.400
2008-02-07Inflation-Indexed JGB (10-Year) No. 143.63151.143
2007-12-06Inflation-Indexed JGB (10-Year) No. 143.451.220
2007-10-04Inflation-Indexed JGB (10-Year) No. 134.021.340
2007-08-07Inflation-Indexed JGB (10-Year) No. 124.11161.244
2007-06-07Inflation-Indexed JGB (10-Year) No. 124.851.280
2007-04-05Inflation-Indexed JGB (10-Year) No. 113.491.270
2007-02-06Inflation-Indexed JGB (10-Year) No. 103.211.280
2006-12-07Inflation-Indexed JGB (10-Year) No. 104.841.165
2006-10-05Inflation-Indexed JGB (10-Year) No. 95.341.120
2006-08-03Inflation-Indexed JGB (10-Year) No. 84.020.985