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September 2035 Government inflation linked tender fails to attract even one successful bid which is highly unusual

Bonds
September 2035 Government inflation linked tender fails to attract even one successful bid which is highly unusual

The results from the latest inflation indexed bond offer by the Treasury's Debt Management Office have been released.

2.50% - 20 September 2035 Today #541 Previous # 538 Previous # 534
Series offered tender
May 7, 2015
tender
April 2, 2015
tender
February 5, 2015
Total Amount Offered ($million) 100 100 100
Total Amount Allocated ($million) 0 100 100
Total Number of Bids Received 20 33 42
Total Amount of Bids Received ($million) 107 175 207
Total Number of Successful Bids 0 18 21
Highest Yield Accepted (%) 0.000 1.880 1.800
Lowest Yield Accepted (%) 0.000 1.850 1.750
Highest Yield Rejected (%) 2.500 1.990 2.020
Lowest Yield Rejected (%) 2.100 1.880 1.800
Weighted Average Accepted Yield (%) 0.0000 1.8691 1.7868
Weighted Average Rejected Yield (%) 2.2304 1.9089 1.8286
Amount Allotted at Highest Accepted Yield
as Percentage of Amount Bid at that Yield*
0.00 97.5 60
Coverage Ratio 1.07 1.75 2.07

*Individual allotments may vary due to rounding.

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