September 2040 Government inflation-linked tender #637; weighted average accepted yield was 2.12%; coverage ratio down to 1.71x

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 #637 Previous #634 Previous #631 Previous #629 Previous #626 Previous #622
Series offered tender Jun 7, 2018 tender May 3, 2018 tender Apr 5, 2018 tender Mar 1, 2018 tender Feb 1, 2018 tender
Dec 7,
2017
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 27 47 37 41 34 41
Total Amount of Bids Received ($mln) 171 229 184 203 189 214
Total Number of Successful Bids 14 17 22 23 21 28
Highest Yield Accepted (%) 2.1400 2.1550 2.1700 2.2100 2.0850 2.1300
Lowest Yield Accepted (%) 2.1100 2.1300 2.1400 2.1700 2.0400 2.0600
Highest Yield Rejected (%) 2.2250 2.2300 2.2200 2.2950 2.1700 2.2150
Lowest Yield Rejected (%) 2.1400 2.1550 2.1700 2.2100 2.0850 2.1300
Weighted Average Accepted Yield (%) 2.1222 2.1452 2.1584 2.1987 2.0627 2.1110
Weighted Average Rejected Yield (%) 2.1639 2.1837 2.1848 2.2383 2.1231 2.1570
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 6.2 66.7 67.6 28.6 7.1 42.1
Coverage Ratio 1.7100 2.2900 1.8400 2.0300 1.8900 2.1400

*Individual allotments may vary due to rounding.

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