Bank of Japan Operations in the Money Markets (April 2002)
May 1, 2002
Bank of Japan
Financial Markets Department
(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 2 3 3 3 4 4 4 4 4 5 5 5 5 5 8 8 8 8 8 8 9 9 10 10 10 11 11 11 12 12 12 15 15 15 15 16 16 16 16 17 17 17 17 18 18 18 19 19 19 19 19 22 22 23 23 23 23 24 24 30 |
Bills-sales Bills-purchases-Head Bills-sales Bills-purchases-All Bills-sales Bills-sales JGBs-borrowing TBs/FBs-sales Bills-sales Bills-purchases-Head Bills-sales JGBs-borrowing TBs/FBs-sales CP-purchases Bills-purchases-Head Bills-sales JGBs-borrowing TBs/FBs-sales CP-purchases Bills-sales Bills-purchases-Head JGBs-borrowing Bills-purchases-All JGBs-borrowing TBs/FBs-purchases CP-purchases JGBs-borrowing TBs/FBs-purchases Bills-purchases-Head JGBs-borrowing CP-purchases Bills-sales Bills-sales JGBs-borrowing Bills-sales Bills-purchases-All Bills-sales CP-purchases Bills-sales Bills-purchases-Head Bills-sales JGBs-borrowing CP-purchases Bills-sales Bills-sales Bills-sales Bills-purchases-All Bills-sales JGBs-borrowing CP-purchases Bills-sales Bills-purchases-Head Bills-sales Bills-purchases-All Bills-sales JGBs-borrowing CP-purchases Bills-sales TBs/FBs-sales Bills-sales Bills-sales |
4/2* 4/4 4/3* 4/5 4/3* 4/4* 4/8 4/5 4/5 4/8 4/5* 4/9 4/8 4/9 4/9 4/8* 4/10 4/9 4/10 4/9 4/10 4/11 4/11 4/12 4/11 4/12 4/15 4/12 4/15 4/16 4/16 4/12* 4/15* 4/17 4/15* 4/17 4/16* 4/18 4/17 4/18 4/17* 4/19 4/19 4/17* 4/18* 4/19 4/22 4/19* 4/23 4/23 4/19* 4/23 4/23 4/24 4/23* 4/25 4/25 4/24 4/25 4/24* 5/1 |
4/11 7/25 4/17 9/18 4/18 4/11 5/30 4/22 4/12 8/9 4/16 6/5 4/22 5/21 8/16 4/17 6/6 4/22 5/24 4/19 8/22 6/7 9/24 6/11 4/15 5/28 5/29 4/16 9/2 6/13 5/29 4/22 4/24 6/14 4/22 10/3 5/2 6/5 4/26 9/4 5/2 6/18 6/6 4/30 5/7 5/2 10/8 5/13 6/19 6/11 5/2 9/6 5/9 10/16 5/13 6/21 6/12 5/10 5/20 5/8 5/17 |
10,000 8,000 10,000 10,000 10,000 5,000 5,000 5,000 5,000 8,000 10,000 5,000 7,000 4,000 8,000 10,000 5,000 5,000 4,000 7,000 8,000 5,000 10,000 5,000 5,000 4,000 5,000 5,000 5,000 4,000 4,000 5,000 5,000 4,000 5,000 10,000 5,000 4,000 8,000 5,000 6,000 4,000 4,000 6,000 10,000 5,000 10,000 5,000 4,000 4,000 5,000 5,000 7,000 10,000 8,000 4,000 4,000 8,000 5,000 5,000 5,000 |
26,400 2,655 24,900 6,030 21,800 21,350 2,151 16,650 18,860 2,357 18,480 2,861 13,810 3,444 6,333 16,330 1,908 10,850 1,970 14,410 6,319 7,401 9,382 6,251 7,150 1,850 5,865 455 4,180 5,063 2,670 13,900 14,290 3,199 17,340 14,496 19,350 2,755 25,726 3,500 20,000 3,040 2,751 21,660 28,510 12,160 20,775 9,430 2,504 2,040 9,620 3,700 21,545 21,502 21,011 3,815 4,589 18,350 14,750 10,685 14,930 |
10,003 2,655 10,004 6,030 10,002 4,850 2,151 5,002 5,002 2,357 10,002 2,861 7,002 3,444 6,333 10,001 1,908 5,002 1,970 7,002 6,319 5,006 9,382 5,003 5,004 1,850 5,006 455 4,180 4,003 2,670 5,003 5,002 3,199 5,003 10,010 5,001 2,755 8,005 3,500 6,003 3,040 2,751 6,002 10,003 5,002 10,010 5,003 2,504 2,040 5,004 3,700 7,006 10,006 8,051 3,815 3,910 8,005 5,004 5,003 5,006 |
0.001 0.001 * 0.001 0.001 * 0.002 0.001 * 0.001 * 0.002 0.002 0.001 * 0.002 0.001 * 0.003 0.001 * 0.001 * 0.004 0.001 * 0.005 0.001 * 0.006 0.001 * 0.001 0.001 * 0.001 0.001 0.001 * 0.001 0.001 * 0.001 * 0.001 0.001 * 0.001 0.001 0.001 * 0.002 0.001 0.002 0.001 * 0.002 0.001 * 0.002 0.001 * 0.001 * 0.002 0.003 0.003 0.001 0.004 0.001 * 0.001 * 0.005 0.001 * 0.005 0.001 0.006 * 0.001 * 0.001 0.007 0.008 0.008 0.007 |
0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.002 0.001 0.002 0.001 0.002 0.001 0.001 0.003 0.001 0.004 0.001 0.004 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.002 0.001 0.002 0.001 0.001 0.001 0.001 0.002 0.002 0.003 0.001 0.004 0.001 0.001 0.004 0.001 0.004 0.001 0.005 0.001 0.001 0.007 0.006 0.007 0.006 |
63.7 - 72.0 - 52.3 - - 29.9 34.3 - 65.6 - 87.1 - - 75.4 - 82.8 - 31.3 - 67.6 - 79.9 63.6 - 83.2 - - 79.1 - 89.3 75.8 - 24.9 68.8 68.0 - 55.7 - 18.3 - - 33.7 91.4 44.7 48.2 76.2 - - 30.4 - 41.3 45.5 - - 87.3 82.3 31.3 40.8 6.4 |
| Outright Purchases and Sales Operation of TBs and FBs | |||||||||
| 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 5 11 12 18 19 25 26 |
Outright purchases Outright purchases Outright purchases Outright purchases Outright purchases Outright purchases Outright purchases Outright purchases |
4/9 4/10 4/16 4/17 4/23 4/24 5/1 5/2 |
10,000 10,000 10,000 10,000 10,000 10,000 8,000 8,000 |
10,658 2,965 31,995 28,525 24,392 30,048 37,114 27,466 |
10,015 2,965 10,004 10,014 10,023 10,032 8,010 8,010 |
0.000 0.000 * 0.001 0.000 0.000 0.000 0.001 0.001 |
0.000 0.000 0.001 0.001 0.000 0.000 0.002 0.002 |
94.0 - 58.7 4.3 37.5 33.4 17.3 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. | |
| 6. | (a) Excludes Outright purchase and sales operation of TBs and FBs. | |
