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September 2035 Government inflation-linked tender #587; weighted average yield 2.25% (1.9% previously) as global interest rates jump; highest coverage ratio for 6-months

Bonds
September 2035 Government inflation-linked tender #587; weighted average yield 2.25% (1.9% previously) as global interest rates jump; highest coverage ratio for 6-months

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 #587 Previous #584 Previous #581 Previous #579 Previous #576 Previous #570
Series offered tender Nov. 11, 2016 tender Oct. 13, 2016 tender Sept. 8, 2016 tender Aug. 12, 2016 tender Jul. 14, 2016 tender
May. 12, 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 53 51 35 47 42 50
Total Amount of Bids Received ($mln) 456 308 317 224 147 257
Total Number of Successful Bids 14 15 12 21 20 27
Highest Yield Accepted (%) 2.260 1.920 1.685 1.585 1.865 1.910
Lowest Yield Accepted (%) 2.235 1.880 1.660 1.535 1.825 1.885
Highest Yield Rejected (%) 2.380 2.010 1.800 1.645 1.990 2.100
Lowest Yield Rejected (%) 2.260 1.920 1.685 1.585 1.870 1.910
Weighted Average Accepted Yield (%) 2.2498 1.9016 1.6738 1.5696 1.8460 1.8968
Weighted Average Rejected Yield (%) 2.3065 1.9495 1.7142 1.6189 1.9055 1.9824
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 95.0 50.0 70.0 86.7 100 27.8
Coverage Ratio 4.56 3.80 3.17 2.24 1.47 2.57

 

*Individual allotments may vary due to rounding.

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