Bank of Japan Operations in the Money Markets (August 2002)
September 2, 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 8/1 1 2 2 5 5 6 6 7 7 7 8 8 8 9 9 12 12 13 13 13 14 14 14 15 16 16 19 19 20 20 21 21 23 23 26 26 26 27 28 29 29 |
Bills-sales Bills-purchases-Head JGBs-borrowing Bills-purchases-All CP-purchases Bills-sales Bills-sales Bills-purchases-All JGBs-borrowing Bills-sales Bills-purchases-Head CP-purchases Bills-sales Bills-purchases-Head Bills-sales Bills-purchases-All Bills-sales Bills-sales Bills-purchases-All Bills-sales Bills-sales CP-purchases Bills-sales Bills-sales Bills-purchases-Head JGBs-borrowing Bills-sales Bills-sales Bills-purchases-All Bills-sales Bills-purchases-Head CP-purchases Bills-sales Bills-sales Bills-purchases-All JGBs-borrowing Bills-sales Bills-sales Bills-sales Bills-purchases-All CP-purchases Bills-sales |
8/2 8/5 8/6 8/6 8/7 8/6 8/7 8/8 8/9 8/8 8/9 8/12 8/9 8/12 8/12 8/13 8/13 8/15 8/15 8/14 8/15 8/16 8/15 8/15 8/19 8/20 8/19 8/20 8/21 8/21 8/22 8/23 8/22 8/26 8/27 8/28 8/27 8/27 8/28 8/30 9/2 8/30 |
8/20 11/19 10/11 2003/1/16 10/4 8/20 8/20 2003/1/21 10/17 8/16 11/26 10/11 8/20 12/6 8/20 2003/1/23 8/22 8/26 2003/1/28 9/2 9/4 10/17 8/19 9/4 12/11 10/15 9/4 8/23 2003/2/5 9/4 12/19 10/9 9/4 9/4 2003/2/7 10/22 9/5 9/6 9/6 2003/2/12 10/23 9/10 |
4,000 8,000 4,000 10,000 4,000 8,000 8,000 10,000 4,000 5,000 5,000 4,000 9,000 5,000 7,000 10,000 9,000 9,000 9,000 7,000 9,000 4,000 5,000 7,000 5,000 4,000 6,000 5,000 10,000 9,000 5,000 4,000 6,000 6,000 10,000 4,000 6,000 6,000 6,000 6,000 4,000 9,000 |
22,000 24,550 7,716 24,750 6,582 31,790 32,100 25,313 6,225 25,800 11,100 5,531 47,620 9,599 39,900 19,410 36,250 34,780 9,566 22,800 32,280 4,092 19,500 17,830 7,660 5,260 25,850 26,800 8,921 33,300 2,620 1,954 18,516 23,650 13,999 2,209 12,900 17,180 21,880 6,146 3,163 32,100 |
4,007 8,003 4,004 10,003 3,930 8,002 8,002 10,011 4,004 5,008 5,005 3,970 9,005 5,007 7,008 10,011 9,000 9,004 9,005 7,002 9,004 4,092 5,004 7,002 5,005 4,006 6,004 5,006 8,921 9,008 2,620 1,954 6,003 6,003 10,008 2,209 6,002 6,004 6,004 6,146 3,163 9,005 |
0.002 0.002 0.001 0.002 0.003 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 0.001 * 0.001 0.002 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 * 0.002 |
0.002 0.002 0.001 0.002 0.004 0.001 0.001 0.002 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 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.002 0.001 0.001 0.001 0.001 0.002 0.001 0.001 0.001 0.001 0.001 |
16.3 53.1 40.3 50.6 67.9 89.5 66.7 17.8 63.1 21.0 45.1 65.0 26.0 52.2 22.3 51.3 40.0 47.4 94.0 69.3 80.8 - 28.9 6.6 65.3 74.4 67.5 20.7 - 52.1 - - 55.8 72.3 71.5 - 37.0 88.3 3.3 - - 3.4 |
| 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 (c) |
Average Successful Yield Spread |
Allocation on a Pro-rata Basis Rate | |
2002 8/1 2 8 9 15 16 22 23 29 30 |
Outright purchases Outright purchases Outright purchases Outright purchases Outright purchases Outright purchases Outright purchases Outright purchases Outright purchases Outright purchases |
8/6 8/7 8/13 8/14 8/20 8/21 8/27 8/28 9/3 9/4 |
8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 |
31,419 24,369 45,952 42,069 48,973 42,480 37,229 28,337 12,157 2,304 |
8,024 8,012 8,024 8,024 8,009 8,009 8,028 8,029 8,022 2,304 |
-0.001 -0.002 0.000 0.000 0.001 0.001 0.000 0.000 0.000 0.000 * |
-0.001 -0.001 0.000 0.000 0.001 0.001 0.000 0.000 0.000 0.000 |
46.4 9.6 13.2 17.0 57.9 59.6 21.0 28.0 66.0 - | |
| (Memo) | Outright purchase and sales operations of JGBs The Bank of Japan offered outright purchase operations of JGBs worth 250.0 billion yen on August 5, 250.0 billion yen on August 7, 250.0 billion yen on August 19 and 250.0 billion yen on August 26. The purchases were exercised at 238.6 billion yen on August 8, 231.3 billion yen on August 12, 240.3 billion yen on August 22 and 248.1 billion yen on August 29, 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. | ||
