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auctions / 10Y / 2018-08-07

Official Result (MOF)

Auction Date2018-08-07
Issue Date2018-08-08
IssueInflation-Indexed JGB (10-Year) No. 23(reopen)
Coupon (%)0.1%
Maturity2028-03-10
Methodprice conventional
Offering¥400B
Competitive Bids¥1.2T
Accepted Amount¥399.6B
Lowest Accepted Price104.05(-0.309%)
Weighted Avg Price
Allotment Ratio
Non-competitive I
Non-competitive II¥18.8B

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

Offering Terms (from MOF notice) documents →

Official name利付国庫債券(物価連動・10年)(第23回)
Legal basis特別会計に関する法律(平成19年法律第23号)第47条第1項
Coupon dates毎年3月10日及び9月10日
Planned amount¥400B
Bid deadline2018-08-07 11:50
Payment date2018-08-08
Non-competitive IIheld
Price terms募入最低価格により決定

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.124.022.992.214.02+0.26
Tail (sen)
Non-competitive take-up4.5%10.6%
GradeC (score +0.26)(z(B/C) − z(tail))/2 bucketed A(≥1)/B(≥0.3)/C/D(≤−0.3)/E(≤−1), vs last 12 same-tenor

Same-tenor Auction History

3.004.002015-072016-082017-082018-08
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2018-08-07Inflation-Indexed JGB (10-Year) No. 233.12-0.309
2018-05-10Inflation-Indexed JGB (10-Year) No. 234.02-0.513
2018-02-06Inflation-Indexed JGB (10-Year) No. 223.38-0.464
2017-10-05Inflation-Indexed JGB (10-Year) No. 223.10-0.361
2017-08-03Inflation-Indexed JGB (10-Year) No. 223.19-0.358
2017-04-11Inflation-Indexed JGB (10-Year) No. 223.64-0.385
2017-02-07Inflation-Indexed JGB (10-Year) No. 212.61-0.439
2016-10-06Inflation-Indexed JGB (10-Year) No. 213.21-0.391
2016-08-04Inflation-Indexed JGB (10-Year) No. 212.85-0.324
2016-04-12Inflation-Indexed JGB (10-Year) No. 212.84-0.376
2016-01-13Inflation-Indexed JGB (10-Year) No. 202.47-0.364
2015-11-10Inflation-Indexed JGB (10-Year) No. 202.21-0.459
2015-07-07Inflation-Indexed JGB (10-Year) No. 202.33-0.555