---
source: Ministry of Finance Japan
url: https://www.mof.go.jp/english/policy/jgbs/auction/calendar/eresul/eresul20260331.htm
document_type: html
date_retrieved: 2026-03-31
period: March 2026
parent_publication: Auction Result of 2-Year JGBs
indicators_covered: [2 Year Note Yield, Nominal Coupon, Lowest Accepted Price, Weighted Average Price]
---

# Auction Result of 2-Year JGBs on March 31, 2026

The Ministry of Finance Japan conducted an auction for 2-Year Japanese Government Bonds (JGBs) on March 31, 2026.

## Auction Summary

| Field | Value |
|-------|-------|
| Security | 2-Year JGB |
| Issue Number | 483 |
| Auction Date | March 31, 2026 |
| Issue Date | April 1, 2026 |
| Maturity Date | April 1, 2028 |
| Nominal Coupon | 1.4% |
| Amounts of Competitive Bids | 7,589.2 billion yen |
| Amounts of Bids Accepted | 2,145.4 billion yen |
| Lowest Accepted Price | 100.045 yen |
| **Yield at the Lowest Accepted Price** | **1.376%** |
| Allotment for Bids at Lowest Price | 22.2619% |
| Weighted Average Price | 100.057 yen |
| **Yield at the Average Price** | **1.370%** |
| Non-competitive Bids Accepted | 0.170 billion yen |
| Non-price-competitive Auction I | 653.7 billion yen |

## Data Verification
- **Indicator:** 2 Year Note Yield
- **Actual (Average Yield):** 1.370%
- **Lowest Accepted Yield:** 1.376%
- **Previous Yield (from payload):** 1.244%

The auction resulted in a weighted average yield of 1.370%, compared to the previous release of 1.244%. The bid-to-cover ratio (Total Bids / Bids Accepted) was approximately 3.54.