sign up log in
Want to go ad-free? Find out how, here.

September 2035 Government inflation-linked tender #599; coverage ratio, lowest since August, drops to 2.34; weighted average yield down 27 bps to 2.14%

Bonds
September 2035 Government inflation-linked tender #599; coverage ratio, lowest since August, drops to 2.34; weighted average yield down 27 bps to 2.14%

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

 

2.50% - 20 September 2035 Today #599 Previous #594 Previous #590 Previous #587 Previous #584   1 Year Ago #567
Series offered tender Apr. 13, 2017

tender Feb. 10, 2017

tender Dec. 9, 2016 tender Nov. 11, 2016 tender Oct. 13, 2016
 
tender Apr. 14, 2016
Total Amount Offered ($mln) 100 100 100 100 100   100
Total Amount Allocated ($mln) 100 100 100 100 100   100
Total Number of Bids Received 40 42 50 53 51   43
Total Amount of Bids Received ($mln) 234 451 538 456 308   293
Total Number of Successful Bids 20 11 14 14 15   5
Highest Yield Accepted (%) 2.1550 2.4200 2.4300 2.2600 1.9200   2.1400
Lowest Yield Accepted (%) 2.1150 2.3950 2.4150 2.2350 1.8800   2.1400
Highest Yield Rejected (%) 2.2600 2.5500 2.5750 2.3800 2.0100   2.3200
Lowest Yield Rejected (%) 2.1550 2.4200 2.4300 2.2600 1.9200   2.1400
Weighted Average Accepted Yield (%) 2.1426 2.4110 2.4238 2.2498 1.9016   2.1400
Weighted Average Rejected Yield (%) 2.1967 2.4501 2.4694 2.3065 1.9495   2.1902
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 75.0 37.5 51.2 95.0 50.0   66.7
Coverage Ratio 2.34 4.51 5.38 4.56 3.80   2.93

 

*Individual allotments may vary due to rounding.

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.