Bank of Japan Operations in the Money Markets (May 2002)
June 3, 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 (b) |
Average Successful Bid Rate |
Allocation on a Pro-rata Basis Rate |
2002 5/1 1 2 2 2 7 7 7 8 9 9 10 10 13 13 14 14 14 14 15 15 16 17 17 17 20 20 20 21 21 22 22 22 23 24 27 27 28 28 29 30 30 31 |
Bills-sales Bills-sales Bills-sales CP-purchases Bills-sales Bills-sales JGBs-borrowing Bills-sales Bills-sales Bills-sales Bills-purchases-All CP-purchases Bills-sales JGBs-borrowing Bills-sales Bills-sales CP-purchases Bills-sales Bills-sales JGBs-borrowing Bills-sales Bills-purchases-All CP-purchases Bills-sales Bills-purchases-Head JGBs-borrowing Bills-sales Bills-purchases-Head Bills-sales Bills-purchases-All JGBs-borrowing CP-purchases Bills-sales Bills-sales CP-purchases CP-purchases Bills-sales JGBs-borrowing Bills-sales Bills-sales Bills-sales Bills-purchases-Head Bills-purchases-Head |
5/1* 5/2 5/2* 5/8 5/7 5/7* 5/9 5/8 5/8* 5/10 5/13 5/14 5/13 5/15 5/14 5/14* 5/16 5/15 5/16 5/17 5/16 5/20 5/21 5/21 5/21 5/22 5/21 5/22 5/22 5/23 5/24 5/24 5/23 5/24 5/28 5/29 5/28 5/30 5/30 5/30 5/31 6/3 6/4 |
5/20 5/20 5/20 6/18 5/20 5/20 6/25 5/20 5/20 5/20 10/22 6/25 5/20 6/27 5/20 5/22 6/26 5/23 6/3 7/4 6/4 10/29 7/2 6/3 9/12 7/5 6/4 9/13 6/3 11/7 7/9 7/5 6/4 6/10 7/9 7/12 6/10 7/10 6/12 6/17 6/10 9/19 9/17 |
8,000 5,000 5,000 4,000 5,000 5,000 4,000 5,000 5,000 5,000 8,000 4,000 6,000 4,000 6,000 7,000 4,000 8,000 6,000 4,000 6,000 8,000 4,000 7,000 5,000 4,000 7,000 5,000 6,000 8,000 4,000 4,000 8,000 8,000 4,000 4,000 5,000 4,000 6,000 6,000 5,000 5,000 5,000 |
19,090 14,674 13,910 7,607 16,370 15,690 4,154 12,255 15,120 21,220 33,459 4,827 24,042 5,298 26,370 28,850 2,025 16,550 18,045 8,148 16,460 34,277 2,617 22,780 18,600 9,050 22,110 15,500 10,480 34,593 8,142 3,873 17,610 19,090 2,030 2,130 14,720 9,801 15,050 14,350 14,610 12,010 9,010 |
8,001 5,004 5,003 3,950 5,002 5,003 4,154 5,003 5,005 5,001 8,002 3,952 6,003 4,007 6,008 7,005 2,025 8,004 6,120 4,001 6,005 8,006 2,617 7,005 5,001 4,006 7,004 5,002 6,002 8,008 4,005 3,873 8,004 8,003 2,030 2,130 5,003 4,006 6,004 6,003 5,002 5,004 5,002 |
0.007 0.007 0.007 0.001 0.007 0.007 0.001 * 0.007 0.007 0.006 0.002 0.001 0.005 0.001 0.004 0.003 0.001 * 0.004 0.004 * 0.002 0.004 0.002 0.001 * 0.004 0.002 0.002 0.003 0.002 0.004 0.002 0.002 0.001 * 0.004 0.005 0.001 * 0.001 * 0.005 0.002 0.005 0.006 0.005 0.002 0.002 |
0.006 0.006 0.007 0.002 0.007 0.006 0.001 0.007 0.007 0.006 0.002 0.002 0.005 0.001 0.004 0.003 0.001 0.003 0.004 0.002 0.004 0.002 0.001 0.003 0.002 0.002 0.003 0.002 0.003 0.002 0.002 0.001 0.004 0.004 0.001 0.001 0.005 0.003 0.005 0.005 0.005 0.002 0.002 |
60.6 31.9 46.7 8.2 57.5 51.5 - 44.6 71.9 80.5 70.0 60.4 72.0 75.6 34.3 70.8 - 3.6 - 94.3 93.4 25.1 - 16.6 90.9 90.5 91.5 83.4 33.9 25.4 55.4 - 50.9 51.4 - - 31.9 22.3 50.4 30.5 67.7 43.3 70.5 |
| 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 (c) |
Average Successful Yield Spread |
Allocation on a Pro-rata Basis Rate | |
2002 5/1 9 10 16 17 23 24 30 31 |
Outright purchases Outright purchases Outright purchases Outright purchases Outright purchases Outright purchases Outright purchases Outright purchases Outright purchases |
5/8 5/14 5/15 5/21 5/22 5/28 5/29 6/4 6/5 |
8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 |
47,208 30,740 40,725 62,798 56,822 50,192 45,416 46,314 46,567 |
8,017 8,010 8,019 8,037 8,014 8,014 8,009 8,023 8,032 |
0.001 0.002 0.001 0.001 0.002 0.002 0.002 0.001 0.001 |
0.001 0.002 0.001 0.001 0.002 0.002 0.002 0.002 0.001 |
22.4 44.9 45.8 14.5 30.3 55.3 91.8 8.9 12.4 | |
| (Memo) | Outright purchase and sales operations of JGBs The Bank of Japan offered outright purchase operations of JGBs worth 250 billion yen on May 7, 250 billion yen on May 15, 250 billion yen on May 21, and 250 billion yen on May 27. The purchases were exercised at 250.4 billion yen on May 10, 260.7 billion yen on May 20, 250.5 billion yen on May 24, and 250.7 billion yen on May 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. | "Amounts offered" shows planned amounts on offer days. | |
| 4. | (a) Excludes Outright purchase and sales operation of TBs and FBs. | |
| (b) * denote the Non-pro-rata rate, otherwise the figures denote the Pro-rata rate. | ||
| (c) 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. * denote the Non-pro-rate yield spread,otherwise the figures denote the Pro-rate yield spread. | ||
