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Bank of Japan Operations in the Money Markets (April 2002)

May 1, 2002
Bank of Japan
Financial Markets Department

Table: Bank of Japan Operations in the Money Markets (April 2002)(100 million yen, percent per annum)
Date
of
Offer
 Instrument (a) Date of
Exercise		 Date of
Resale
or
Repurchase
 Amount
Offered
 Amount of
Competitive
Bid		 Amount of
Successful
Bid		 Pro-rata
or
Non-pro
-rata Rate		 Average
Successful
Bid Rate		 Allocation
on a Pro-rata
Basis Rate
2002                  
4/2 Bills-sales 4/2* 4/11 10,000 26,400 10,003 0.001 0.001 63.7
2 Bills-purchases-Head 4/4 7/25 8,000 2,655 2,655 0.001 * 0.001 -
3 Bills-sales 4/3* 4/17 10,000 24,900 10,004 0.001 0.001 72.0
3 Bills-purchases-All 4/5 9/18 10,000 6,030 6,030 0.001 * 0.001 -
3 Bills-sales 4/3* 4/18 10,000 21,800 10,002 0.002 0.001 52.3
4 Bills-sales 4/4* 4/11 5,000 21,350 4,850 0.001 * 0.001 -
4 JGBs-borrowing 4/8 5/30 5,000 2,151 2,151 0.001 * 0.001 -
4 TBs/FBs-sales 4/5 4/22 5,000 16,650 5,002 0.002 0.001 29.9
4 Bills-sales 4/5 4/12 5,000 18,860 5,002 0.002 0.002 34.3
4 Bills-purchases-Head 4/8 8/9 8,000 2,357 2,357 0.001 * 0.001 -
5 Bills-sales 4/5* 4/16 10,000 18,480 10,002 0.002 0.002 65.6
5 JGBs-borrowing 4/9 6/5 5,000 2,861 2,861 0.001 * 0.001 -
5 TBs/FBs-sales 4/8 4/22 7,000 13,810 7,002 0.003 0.002 87.1
5 CP-purchases 4/9 5/21 4,000 3,444 3,444 0.001 * 0.001 -
5 Bills-purchases-Head 4/9 8/16 8,000 6,333 6,333 0.001 * 0.001 -
8 Bills-sales 4/8* 4/17 10,000 16,330 10,001 0.004 0.003 75.4
8 JGBs-borrowing 4/10 6/6 5,000 1,908 1,908 0.001 * 0.001 -
8 TBs/FBs-sales 4/9 4/22 5,000 10,850 5,002 0.005 0.004 82.8
8 CP-purchases 4/10 5/24 4,000 1,970 1,970 0.001 * 0.001 -
8 Bills-sales 4/9 4/19 7,000 14,410 7,002 0.006 0.004 31.3
8 Bills-purchases-Head 4/10 8/22 8,000 6,319 6,319 0.001 * 0.001 -
9 JGBs-borrowing 4/11 6/7 5,000 7,401 5,006 0.001 0.001 67.6
9 Bills-purchases-All 4/11 9/24 10,000 9,382 9,382 0.001 * 0.001 -
10 JGBs-borrowing 4/12 6/11 5,000 6,251 5,003 0.001 0.001 79.9
10 TBs/FBs-purchases 4/11 4/15 5,000 7,150 5,004 0.001 0.001 63.6
10 CP-purchases 4/12 5/28 4,000 1,850 1,850 0.001 * 0.001 -
11 JGBs-borrowing 4/15 5/29 5,000 5,865 5,006 0.001 0.001 83.2
11 TBs/FBs-purchases 4/12 4/16 5,000 455 455 0.001 * 0.001 -
11 Bills-purchases-Head 4/15 9/2 5,000 4,180 4,180 0.001 * 0.001 -
12 JGBs-borrowing 4/16 6/13 4,000 5,063 4,003 0.001 0.001 79.1
12 CP-purchases 4/16 5/29 4,000 2,670 2,670 0.001 * 0.001 -
12 Bills-sales 4/12* 4/22 5,000 13,900 5,003 0.001 0.001 89.3
15 Bills-sales 4/15* 4/24 5,000 14,290 5,002 0.001 0.001 75.8
15 JGBs-borrowing 4/17 6/14 4,000 3,199 3,199 0.001 * 0.001 -
15 Bills-sales 4/15* 4/22 5,000 17,340 5,003 0.002 0.001 24.9
15 Bills-purchases-All 4/17 10/3 10,000 14,496 10,010 0.001 0.001 68.8
16 Bills-sales 4/16* 5/2 5,000 19,350 5,001 0.002 0.002 68.0
16 CP-purchases 4/18 6/5 4,000 2,755 2,755 0.001 * 0.001 -
16 Bills-sales 4/17 4/26 8,000 25,726 8,005 0.002 0.002 55.7
16 Bills-purchases-Head 4/18 9/4 5,000 3,500 3,500 0.001 * 0.001 -
17 Bills-sales 4/17* 5/2 6,000 20,000 6,003 0.002 0.001 18.3
17 JGBs-borrowing 4/19 6/18 4,000 3,040 3,040 0.001 * 0.001 -
17 CP-purchases 4/19 6/6 4,000 2,751 2,751 0.001 * 0.001 -
17 Bills-sales 4/17* 4/30 6,000 21,660 6,002 0.002 0.002 33.7
18 Bills-sales 4/18* 5/7 10,000 28,510 10,003 0.003 0.002 91.4
18 Bills-sales 4/19 5/2 5,000 12,160 5,002 0.003 0.003 44.7
18 Bills-purchases-All 4/22 10/8 10,000 20,775 10,010 0.001 0.001 48.2
19 Bills-sales 4/19* 5/13 5,000 9,430 5,003 0.004 0.004 76.2
19 JGBs-borrowing 4/23 6/19 4,000 2,504 2,504 0.001 * 0.001 -
19 CP-purchases 4/23 6/11 4,000 2,040 2,040 0.001 * 0.001 -
19 Bills-sales 4/19* 5/2 5,000 9,620 5,004 0.005 0.004 30.4
19 Bills-purchases-Head 4/23 9/6 5,000 3,700 3,700 0.001 * 0.001 -
22 Bills-sales 4/23 5/9 7,000 21,545 7,006 0.005 0.004 41.3
22 Bills-purchases-All 4/24 10/16 10,000 21,502 10,006 0.001 0.001 45.5
23 Bills-sales 4/23* 5/13 8,000 21,011 8,051 0.006 * 0.005 -
23 JGBs-borrowing 4/25 6/21 4,000 3,815 3,815 0.001 * 0.001 -
23 CP-purchases 4/25 6/12 4,000 4,589 3,910 0.001 0.001 87.3
23 Bills-sales 4/24 5/10 8,000 18,350 8,005 0.007 0.007 82.3
24 TBs/FBs-sales 4/25 5/20 5,000 14,750 5,004 0.008 0.006 31.3
24 Bills-sales 4/24* 5/8 5,000 10,685 5,003 0.008 0.007 40.8
30 Bills-sales 5/1 5/17 5,000 14,930 5,006 0.007 0.006 6.4

Outright Purchases and Sales Operation of TBs and FBs

Table: Outright Purchases and Sales Operation of TBs and FBs(100 million yen, percent per annum)
Date
of
Offer		 Instrument Date of
Exercise		 Amount
Offered		 Amount of
Competitive
Bid		 Amount of
Successful
Bid		 Pro-rata
or
Non-pro
-rata
Yield Spread		 Average
Successful
Yield Spread		 Allocation
on a Pro-rata
Basis Rate
2002                
4/4 Outright purchases 4/9 10,000 10,658 10,015 0.000 0.000 94.0
5 Outright purchases 4/10 10,000 2,965 2,965 0.000 * 0.000 -
11 Outright purchases 4/16 10,000 31,995 10,004 0.001 0.001 58.7
12 Outright purchases 4/17 10,000 28,525 10,014 0.000 0.001 4.3
18 Outright purchases 4/23 10,000 24,392 10,023 0.000 0.000 37.5
19 Outright purchases 4/24 10,000 30,048 10,032 0.000 0.000 33.4
25 Outright purchases 5/1 8,000 37,114 8,010 0.001 0.002 17.3
26 Outright purchases 5/2 8,000 27,466 8,010 0.001 0.002 39.8

(Memo)

Outright purchase and sales operations of JGBs
The Bank of Japan offered outright purchase operations of JGBs worth 250 billion yen on April 3, 250 billion yen on April 10, 250 billion yen on April 17 and 250 billion yen on April 24. The purchases were exercised at 264.2 billion yen on April 8, 236.7 billion yen on April 15, 250.6 billion yen on April 22 and 248.2 billion yen on April 30, respectively.

NOTES:

  1. Bills-sales :Outright sales of bills drawn by BOJ
    Bills-purchases-Head : Outright purchases of bills at Head Office
    Bills-purchases-All : Outright purchases of bills at All Offices
    JGBs-borrowing : Borrowing of JGBs against cash collateral(JGB repos)
    TBs/FBs-purchases : Purchases of TBs/FBs under repurchase agreements
    CP-purchases : Purchases of CP under repurchase agreements
    TBs/FBs-sales : Sales of TBs/FBs under repurchase agreements
    JGBs-purchases : Purchases of JGBs under repurchase agreements
    Outright purchases : Outright purchases of TBs/FBs
    Outright sales : Outright sales of TBs/FBs
  2. * denote the date when the offer and the exercise were done in the same day.
  3. "Amount offered" shows planned amounts on offer days.
  4. Concerning Pro-rata or Non-pro-rata rate,* denote the Non-pro-rata rate, otherwise the figures denote the Pro-rata rate.
  5. For outright purchases (sales) of TBs/FBs, the difference between the yield at which operation counterparties want to sell (purchase) and the corresponding yield determined by the Bank of Japan with prevailing market yield taken into account ("yield spread") is used for an auction.Concerning Pro-rate or Non-pro-rate yield spread,* denote the Non-pro-rate yield spread,otherwise the figures denote the Pro-rate yield spread.
    1. (a) Excludes Outright purchase and sales operation of TBs and FBs.