September 2040 Government inflation-linked tender #686; weighted average accepted yield was 0.87%; coverage ratio was 2.74x

September 2040 Government inflation-linked tender #686; weighted average accepted yield was 0.87%; coverage ratio was 2.74x

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 2040 Today #686 Previous #682 Previous #678 Previous #675 Previous #671 Previous #667   Previous #640
Series offered tender Jul 4, 2019 tender Jun 6, 2018 tender May 2, 2018 tender Apr 4, 2018 tender Mar 7, 2018 tender Feb 7, 2018   tender July 5, 2018
Total Amount Offered ($mln) 50 100 100 100 100 100   100
Total Amount Allocated ($mln) 50 100 100 100 100 100   100
Total Number of Bids Received 25 37 29 36 30 35   50
Total Amount of Bids Received ($mln) 137 180 162 203 197 217   226
Total Number of Successful Bids 11 28 16 24 18 18   21
Highest Yield Accepted (%) 0.8800 1.0150 1.2750 1.3450 1.4700 1.5000   1.9650
Lowest Yield Accepted (%) 0.8600 0.9500 1.2600 1.3050 1.4350 1.4650   1.9350
Highest Yield Rejected (%) 0.9800 1.0250 1.3150 1.4500 1.5550 1.5700   2.0500
Lowest Yield Rejected (%) 0.8800 1.0150 1.2750 1.3450 1.4700 1.5000   1.9650
Weighted Average Accepted Yield (%) 0.8691 0.9836 1.2695 1.3324 1.4476 1.4902   1.9517
Weighted Average Rejected Yield (%) 0.8930 1.0206 1.2856 1.3704 1.5102 1.5304   1.9973
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 40.7 25.0 77.8 44.0 40.0 16.0   37.5
Coverage Ratio 2.7400 1.8000 1.6200 2.0300 1.9700 2.1700   2.2600

*Individual allotments may vary due to rounding.

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