Auction Implementation Results
The Ministry of Finance announced the results of the 437th liquidity supply auction on September 8, 2025. The issuance date is September 9, 2025, and allocation decisions were made based on bids from auction participants.
Detailed Auction Data
Application and Allocation Amounts:
- Application amount: 2,695.7 billion yen (face value)
- Allocated amount: 599.0 billion yen (face value)
Yield Spread Information:
- Maximum allocated yield spread: -0.015%
- Pro-rata ratio for maximum allocated yield spread: 79.4444%
- Average allocated yield spread: -0.019%
Purpose and Significance
This liquidity supply auction aims to ensure liquidity in the government bond market and maintain a smooth trading environment. The negative yield spread indicates that funding was conducted at rates below the benchmark yield.