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auctions / 40Y / 2026-05-27

Official Result (MOF)

Auction Date2026-05-27
Issue Date2026-05-28
IssueJGB (40-Year) No. 19(new)
Coupon (%)3.8%
Maturity2066-03-20
Methodyield Dutch
Offering¥300B
Competitive Bids¥809.4B
Accepted Amount¥299.6B
Lowest Accepted Price99.18(3.840%)
Weighted Avg Price—
Allotment Ratio—
Non-competitive I—
Non-competitive II¥20.3B

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19回)
Legal basis財政法(昭和22年法律第34号)第4条第1項並びに特別会計に関する法律(平成19年法律第23号)第46条第1項及び第62条第1項
Coupon dates毎年3月20日及び9月20日
Planned amount¥300B
Bid deadline2026-05-27 11:50
Payment date2026-05-28
Non-competitive IIheld
Price terms—

Derived Metrics

ThisPrevavg (12)minmaxz
Bid/Cover2.702.542.482.132.92+0.87
Tail (sen)——————
Non-competitive take-up6.3%7.1%
GradeB (score +0.87)(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

2.502024-052025-012025-092026-05
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2026-05-27JGB (40-Year) No. 192.70—3.840
2026-03-24JGB (40-Year) No. 182.54—3.600
2026-01-28JGB (40-Year) No. 182.76—3.720
2025-11-26JGB (40-Year) No. 182.59—3.555
2025-09-25JGB (40-Year) No. 182.60—3.300
2025-07-23JGB (40-Year) No. 182.13—3.375
2025-05-28JGB (40-Year) No. 182.21—3.135
2025-03-27JGB (40-Year) No. 172.92—2.710
2025-01-21JGB (40-Year) No. 172.75—2.570
2024-11-27JGB (40-Year) No. 172.24—2.550
2024-09-26JGB (40-Year) No. 172.58—2.340
2024-07-24JGB (40-Year) No. 172.20—2.420
2024-05-22JGB (40-Year) No. 172.21—2.270