Official Result (MOF)
| Auction Date | 2026-10-14 |
|---|
| Issue Date | 2026-10-15 |
|---|
| Issue | JGB (5-Year) No. 188（new） |
|---|
| Coupon (%) | 2.4% |
|---|
| Maturity | 2031-09-20 |
|---|
| Method | price conventional |
|---|
| Offering | ¥2.5T |
|---|
| Competitive Bids | ¥6.8T |
|---|
| Accepted Amount | ¥1.9T |
|---|
| Lowest Accepted Price | 100.07（2.384%） |
|---|
| Weighted Avg Price | 100.09（2.379%） |
|---|
| Allotment Ratio | 40.4279% |
|---|
| Non-competitive I | ¥583.7B |
|---|
| Non-competitive II | — |
|---|
Source: https://www.mof.go.jp/jgbs/auction/calendar/nyusatsu/resul20261014.htm
Offering Terms (from MOF notice) documents →
| Official name | 利付国庫債券（5年）（第188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、第47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 | ¥2.5T |
|---|
| Bid deadline | 2026-10-14 11:50 |
|---|
| Payment date | 2026-10-15 |
|---|
| Non-competitive II | held |
|---|
| Price terms | — |
|---|
Derived Metrics
| This | Prev | avg (12) | min | max | z |
|---|
| Bid/Cover | 3.56 | 3.42 | 3.41 | 3.08 | 4.15 | +0.47 |
| Tail (sen) | 2 | 4 | 4 | 1 | 6 | -1.23 |
| Non-competitive take-up | 23.4% | 23.4% | |
| Grade | B (score +0.85) | (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) | 0.5 | 0.9 |
Same-tenor Auction History