Bank of Japan Operations in the Money Markets (November 2005)
December 1, 2005
Bank of Japan
Financial Markets Department
(100 million yen, percent per annum)
<Operations by Transactions under Repurchase Agreements and Purchases and Sales of Bills>
|
Date of Offer |
Instrument | Date of Exercise |
Date of Resale or Repurchase |
(a) Amounts Offered |
Amounts of Competitive Bid |
Amounts of Successful Bid |
(b) Pro-rata or Non-pro-rata Rate |
Average Successful Bid Rate |
Allocation on a Pro-rata Basis Rate |
2005 11/1 1 2 2 2 4 4 8 8 9 11 15 15 15 16 16 18 18 21 22 22 24 24 25 28 29 29 30 |
JGSs-sales CP-purchases JGSs-purchases Bills-sales Bills-purchases-Head JGSs-sales Bills-purchases-All CP-purchases Bills-purchases-Head JGSs-purchases Bills-purchases-Head JGSs-sales CP-purchases Bills-purchases-All JGSs-purchases Bills-purchases-Head CP-purchases Bills-purchases-Head Bills-purchases-All JGSs-purchases Bills-sales CP-purchases Bills-purchases-Head Bills-purchases-All Bills-purchases-Head JGSs-purchases CP-purchases Bills-purchases-All |
11/4 11/4 11/7 11/4 11/7 11/8 11/8 11/10 11/10 11/11 11/15 11/17 11/17 11/17 11/18 11/18 11/22 11/22 11/24 11/25 11/24 11/28 11/28 11/29 11/30 12/1 12/1 12/2 |
12/2 12/15 2006/1/13 12/1 2006/2/22 12/2 2006/3/28 12/22 2006/3/8 2006/1/20 2006/3/16 12/2 12/27 2006/3/30 2006/1/27 2006/3/20 2006/1/12 2006/3/24 2006/4/6 2006/2/7 12/2 2006/1/19 2006/4/11 2006/4/27 2006/4/18 2006/2/15 2006/1/26 2006/5/1 |
10,000 4,000 4,000 12,000 8,000 6,000 8,000 4,000 8,000 4,000 8,000 10,000 4,000 8,000 4,000 8,000 4,000 8,000 8,000 4,000 10,000 4,000 8,000 8,000 8,000 4,000 4,000 8,000 |
41,500 7,010 1,442 21,000 26,786 19,450 19,560 6,703 22,010 1,132 21,420 28,050 5,260 13,389 847 5,355 7,363 920 24,930 775 51,000 6,112 19,970 23,609 19,496 352 5,530 18,224 |
10,003 3,955 1,442 12,004 8,007 6,002 8,004 3,968 8,005 1,132 8,009 10,000 4,040 8,005 847 5,355 3,987 920 7,900 775 10,004 3,989 8,002 8,002 8,008 352 3,982 8,007 |
0.001 0.004 0.001 * 0.002 0.002 0.001 0.005 0.004 0.002 0.001 * 0.001 0.001 0.003 * 0.001 0.001 * 0.001 * 0.006 0.001 * 0.007 * 0.001 * 0.001 0.005 0.004 0.003 0.002 0.001 * 0.005 0.002 |
0.001 0.005 0.001 0.001 0.003 0.001 0.006 0.005 0.002 0.001 0.002 0.001 0.004 0.002 0.001 0.001 0.007 0.001 0.012 0.001 0.001 0.006 0.005 0.005 0.002 0.001 0.006 0.003 |
46.5 31.3 35.8 40.6 55.6 41.5 75.8 82.0 19.4 50.0 52.7 77.5 20.5 53.8 77.8 6.0 38.9 55.7 4.5 |
<Outright Purchase and Sale Operations of TBs and FBs>
|
Date of Offer |
Instrument |
Date of Exercise |
(a) Amounts Offered |
Amounts of Competitive Bid |
Amounts of Successful Bid |
(c) Pro-rata or Non-pro-rata Yield Spread |
Average Successful Yield Spread |
Allocation on a Pro-rata Basis Rate |
2005 11/4 11 21 25 |
Outright purchases Outright purchases Outright purchases Outright purchases |
11/9 11/16 11/25 11/30 |
5,000 5,000 4,000 3,000 |
10,159 11,610 8,781 5,663 |
5,006 5,004 3,817 3,117 |
0.000 0.000 -0.008 * -0.015 * |
0.001 0.000 -0.001 -0.007 |
46.1 79.6 |
<Outright Purchase Operations of ABCP>
|
Date of Offer |
Date of Exercise |
Maximum Purchase Amount |
Amounts of Competitive Bid |
Amounts of Successful Bid |
(d) Pro-rata or Non-pro-rata Yield Spread |
Average Successful Yield Spread |
Allocation on a Pro-rata Basis Rate |
|
2005 11/16 25 |
11/18 11/29 |
1,000 1,000 |
979 304 |
783 244 |
0.000 0.000 |
0.001 0.000 |
42.7 80.3 |
|
| (Memo1) | Outright purchase and sale operations of JGBs | |
| The Bank of Japan offered outright purchase operations of JGBs worth 300.0 billion yen on November 2, 300.0 billion yen on November 9, 300.0 billion yen on November 16 and 300.0 billion yen on November 21. The purchases were exercised at 291.7 billion yen on November 8, 283.6 billion yen on November 14, 287.3 billion yen on November 21 and 300.9 billion yen on November 25, respectively. | ||
| (Memo2) | Outright purchases of asset-backed bonds | |
| No purchases in November. | ||
| (Memo3) | Securities lending as a secondary source of JGSs | |
| No purchases in November. | ||
| 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 | |
| CP-purchases | : Purchases of CP under Repurchase Agreements | |
| JGSs-purchases | : Purchases of JGSs under Repurchase Agreements | |
| JGSs-sales | : Sales of JGSs under Repurchase Agreements | |
| Outright Purchases | : Outright Purchases of TBs/FBs | |
| Outright Sales | : Outright Sales of TBs/FBs | |
| 2. | * denotes dates when offers and transactions were exercised on the same day. | |
| 3. | (a) Planned amounts on offer days. | |
| (b) * denotes non-pro-rata rates; otherwise the figures denote pro-rata rates. | ||
| (c) The difference between the yield at which operation counterparts want to sell (purchase) and the corresponding yield determined by the Bank of Japan with the prevailing market yield (the "yield spread") taken into account for auctions. * denotes non-pro-rata yield spreads; otherwise the figures denote pro-rata yield spreads. | ||
| (d) The difference between the yield at which operation counterparts want to sell and the corresponding floor yield determined by the Bank of Japan with the maturities and prevailing market yield (the "yield spread") taken into account for auctions. * denotes non-pro-rata yield spreads; otherwise the figures denote pro-rata yield spreads. | ||
| 4. | Date of repurchase for Securities lending as a secondary source of JGSs: | |
| those without *: the next business day after the offering date. | ||
| those with *: the fourth business day after the offering date. | ||
