Bank of Japan Operations in the Money Markets (July 2007)
August 1, 2007
Bank of Japan
Financial Markets Department
Short-term Operations (excluding Outright Purchase and Sale Operations of TBs and FBs)
(100 million yen, percent per annum)
| Date of Offer | Instrument | Date of Exercise | Date of Resale or Repurchase or Repayment | (a) Amounts Offered | Amounts of Competitive Bid | Amounts of Successful Bid | (b) Pro-rata, Non-pro-rata Rate / Loan Rate | Average Successful Bid Rate or Loan Rate | Allocation on a Pro-rata Basis Rate |
|---|---|---|---|---|---|---|---|---|---|
2007 7/2 3 4 4 4 5 5 6 6 6 9 10 10 10 11 11 12 12 12 12 17 18 18 19 20 20 23 23 23 23 24 24 25 25 26 27 30 30 31 31 31 |
FSOPC-Head FSOPC-Head Bills-sales FSOPC-Head FSOPC-All Bills-sales JGSs-sales Bills-sales FSOPC-Head FSOPC-Head JGSs-sales JGSs-purchases FSOPC-Head FSOPC-Head FSOPC-Head FSOPC-Head FSOPC-Head JGSs-purchases FSOPC-Head FSOPC-All FSOPC-Head JGSs-purchases FSOPC-Head FSOPC-Head FSOPC-Head FSOPC-All FSOPC-Head JGSs-purchases FSOPC-Head FSOPC-Head FSOPC-Head FSOPC-Head JGSs-sales FSOPC-Head FSOPC-Head FSOPC-All FSOPC-Head FSOPC-Head FSOPC-Head FSOPC-Head FSOPC-Head |
7/4 7/4 7/4* 7/6 7/6 7/5* 7/6 7/6* 7/10 7/10 7/10 7/12 7/11 7/12 7/12 7/13 7/12* 7/17 7/17 7/17 7/19 7/20 7/20 7/23 7/24 7/24 7/23* 7/25 7/25 7/25 7/24* 7/26 7/26 7/27 7/30 7/31 7/30* 8/1 7/31* 8/2 8/2 |
9/20 7/12 7/6 8/9 9/20 7/6 7/17 7/9 7/31 8/21 7/17 7/24 7/30 9/27 8/1 9/20 7/13 7/27 8/16 9/26 9/4 7/30 10/5 8/22 8/15 10/4 7/24 8/8 8/16 9/20 7/25 10/11 8/2 8/17 8/20 10/10 7/31 9/7 8/1 8/23 10/17 |
8,000 3,000 4,000 6,000 8,000 5,000 8,000 5,000 8,000 8,000 6,000 8,000 3,000 8,000 6,000 8,000 4,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 6,000 8,000 8,000 8,000 5,000 8,000 3,000 8,000 8,000 8,000 3,000 8,000 3,000 8,000 8,000 |
29,844 13,630 11,050 23,683 19,810 18,110 42,150 14,350 25,000 26,054 21,205 16,953 10,750 28,238 13,110 17,836 12,030 18,651 27,850 30,029 26,995 17,665 38,818 29,853 26,494 40,384 18,202 23,050 18,107 19,987 12,858 31,493 15,200 27,450 34,350 43,380 10,158 32,696 10,050 25,948 35,468 |
8,002 3,001 4,090 6,004 8,003 5,005 8,006 5,003 8,003 8,004 6,002 8,003 3,003 8,005 6,000 8,003 3,800 8,001 8,002 7,939 8,004 8,001 8,005 8,006 8,004 8,007 6,002 8,002 8,001 8,003 5,003 8,006 3,000 8,003 8,004 8,010 3,002 8,003 3,001 8,002 8,004 |
0.640 0.540 0.520* 0.550 0.630 0.510 0.540 0.510 0.550 0.550 0.540 0.530 0.540 0.630 0.520 0.620 0.520* 0.520 0.530 0.630* 0.590 0.520 0.660 0.530 0.520 0.660 0.520 0.510 0.510* 0.610 0.510 0.650 0.510 0.510 0.510 0.630 0.500 0.540 0.520 0.510 0.630 |
0.640 0.550 0.512 0.559 0.638 0.501 0.532 0.497 0.551 0.557 0.531 0.537 0.575 0.640 0.539 0.627 0.520 0.528 0.531 0.633 0.598 0.530 0.670 0.540 0.526 0.670 0.525 0.519 0.512 0.616 0.513 0.657 0.505 0.512 0.511 0.643 0.515 0.554 0.521 0.512 0.633 |
94.7 55.7 14.7 87.8 8.2 7.9 4.3 84.8 26.8 7.7 53.8 39.8 4.7 20.0 28.4 49.0 92.6 72.8 7.6 23.3 19.7 27.9 9.9 93.2 12.8 94.0 77.4 29.2 75.0 65.5 49.7 19.6 15.5 32.2 44.1 73.4 64.5 |
Outright Purchase and Sale Operations of TBs and FBs
(100 million yen, percent per annum)
| 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 |
|---|---|---|---|---|---|---|---|---|
2007 7/6 12 19 |
Outright purchases Outright purchases Outright purchases |
7/11 7/18 7/24 |
4,000 4,000 4,000 |
15,265 14,687 14,194 |
4,001 4,000 4,001 |
0.012 0.011 0.008 |
0.016 0.015 0.013 |
73.4 55.0 21.5 |
| (Memo1) | Outright purchase and sale operations of JGBs | |
| The Bank of Japan offered outright purchase operations of JGBs worth 300.0 billion yen on July 5, 300.0 billion yen on July 13, 300.0 billion yen on July 20 and 300.0 billion yen on July 25. The purchases were exercised at 295.0 billion yen on July 10, 300.1 billion yen on July 19, 299.0 billion yen on July 25 and 313.9 billion yen on July 30, respectively. | ||
| (Memo2) | Securities lending as a secondary source of JGSs | |
| No purchases in July. | ||
| NOTES: | ||
| 1. | Bills-sales | : Outright Sales of Bills Drawn by BOJ |
| FSOPC-Head | : Funds-Supplying Operations against Pooled Collateral at Head Office | |
| FSOPC-All | : Funds-Supplying Operations against Pooled Collateral 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, loan rates; otherwise the figures denote pro-rata rates, loan 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. | ||
| 4. | Date of repurchase for Securities lending as a secondary source of JGSs is as follows, those without *: the next business day after the offering date, those with *: the fourth business day after the offering date. | |
