September 2040 Government inflation-linked tender #640; weighted average accepted yield was 1.95%; coverage ratio up to 2.26x

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 #640 Previous #637 Previous #634 Previous #631 Previous #629 Previous #626   Previous #608
Series offered tender Jul 5, 2018 tender Jun 7, 2018 tender May 3, 2018 tender Apr 5, 2018 tender Mar 1, 2018 tender Feb 1, 2018   tender Jul 13, 2017
Total Amount Offered ($mln) 100 100 100 100 100 100   100
Total Amount Allocated ($mln) 100 100 100 100 100 100   100
Total Number of Bids Received 50 27 47 37 41 34   38
Total Amount of Bids Received ($mln) 226 171 229 184 203 189   155
Total Number of Successful Bids 21 14 17 22 23 21   26
Highest Yield Accepted (%) 1.9650 2.1400 2.1550 2.1700 2.2100 2.0850   2.3450
Lowest Yield Accepted (%) 1.9350 2.1100 2.1300 2.1400 2.1700 2.0400   2.3000
Highest Yield Rejected (%) 2.0500 2.2250 2.2300 2.2200 2.2950 2.1700   2.5200
Lowest Yield Rejected (%) 1.9650 2.1400 2.1550 2.1700 2.2100 2.0850   2.3450
Weighted Average Accepted Yield (%) 1.9517 2.1222 2.1452 2.1584 2.1987 2.0627   2.3284
Weighted Average Rejected Yield (%) 1.9973 2.1639 2.1837 2.1848 2.2383 2.1231   2.3791
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 37.5 6.2 66.7 67.6 28.6 7.1   58.8
Coverage Ratio 2.2600 1.7100 2.2900 1.8400 2.0300 1.8900   1.5500

*Individual allotments may vary due to rounding.

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