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auctions / 40Y / 2010-11-09

Official Result (MOF)

Auction Date2010-11-09
Issue Date2010-11-12
IssueJGB (40-Year) No. 3(reopen)
Coupon (%)2.2%
Maturity2050-03-20
Methodyield Dutch
Offering¥300B
Competitive Bids¥1.2T
Accepted Amount¥299.6B
Lowest Accepted Price103.90(2.055%)
Weighted Avg Price—
Allotment Ratio—
Non-competitive I—
Non-competitive II¥18.4B

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(40年)(第3回)
Legal basis特別会計に関する法律(平成19年法律第23号)第46条第1項
Coupon dates毎年3月20日及び9月20日
Planned amount¥300B
Bid deadline2010-11-09 12:00
Payment date2010-11-12
Non-competitive IIheld
Price terms募入最高利回りを基礎として決定

Derived Metrics

ThisPrevavg (12)minmaxz
Bid/Cover4.153.753.682.565.02+0.63
Tail (sen)——————
Non-competitive take-up5.8%0.0%
GradeB (score +0.63)(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

3.004.005.002007-112009-022010-012010-11
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2010-11-09JGB (40-Year) No. 34.15—2.055
2010-08-05JGB (40-Year) No. 33.75—1.825
2010-05-13JGB (40-Year) No. 32.56—2.210
2010-01-14JGB (40-Year) No. 23.78—2.330
2009-11-10JGB (40-Year) No. 23.45—2.330
2009-07-07JGB (40-Year) No. 22.85—2.255
2009-05-14JGB (40-Year) No. 23.85—2.220
2009-02-17JGB (40-Year) No. 14.19—2.040
2008-11-07JGB (40-Year) No. 12.78—2.445
2008-05-13JGB (40-Year) No. 14.55—2.570
2007-11-06JGB (40-Year) No. 15.02—2.435