September 2040 Government inflation-linked tender #711; weighted average accepted yield was 0.74%; coverage ratio was 2.2x

September 2040 Government inflation-linked tender #711; weighted average accepted yield was 0.74%; coverage ratio was 2.2x

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 #711 Today #706 Today #702 Previous #697 Previous #694 Previous #690

Previous
#686

Previous #682
Series offered tender Feb 7, 2020 tender Dec 5, 2019 tender Nov 7, 2019 tender Oct 3, 2019 tender Sep 5, 2019 tender Aug 1, 2019 tender Jul 4, 2019 tender Jun 6, 2018
Total Amount Offered ($mln) 50 50 50 50 50 50 50 100
Total Amount Allocated ($mln) 50 50 50 50 50 50 50 100
Total Number of Bids Received 25 20 26 7 13 27 25 37
Total Amount of Bids Received ($mln) 110 70 85 107 108 190 137 180
Total Number of Successful Bids 10 15 11 7 13 6 11 28
Highest Yield Accepted (%) 0.7500 0.7250 0.6300 0.5200 0.5000 0.8800 0.8800 1.0150
Lowest Yield Accepted (%) 0.7200 0.6600 0.6050 0.5000 0.4800 0.8750 0.8600 0.9500
Highest Yield Rejected (%) 0.8500 0.7900 0.7150 0.6000 0.5500 1.0300 0.9800 1.0250
Lowest Yield Rejected (%) 0.7550 0.7250 0.6300 0.5200 0.5050 0.8800 0.8800 1.0150
Weighted Average Accepted Yield (%) 0.7406 0.7000 0.6171 0.5090 0.4900 0.8792 0.8691 0.9836
Weighted Average Rejected Yield (%) 0.7746 0.7520 0.6584 0.5400 0.5200 0.9000 0.8930 1.0206
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100.00 40.00 22.20 93.80 100.00 57.50 40.7 25.0
Coverage Ratio 2.2000 1.4000 1.7000 2.1400 2.1600 3.8000 2.7400 1.8000

*Individual allotments may vary due to rounding.

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