September 2040 Government inflation-linked tender #649; weighted average accepted yield was 1.80%; coverage ratio was 2.63x

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 #649 Previous #644 Previous #640 Previous #637 Previous #634 Previous #631   Previous #614
Series offered tender Sep 6, 2018 tender Aug 2, 2018 tender Jul 5, 2018 tender Jun 7, 2018 tender May 3, 2018 tender Apr 5, 2018   tender Sep 14, 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 47 59 50 27 47 37   33
Total Amount of Bids Received ($mln) 263 245 226 171 229 184   223
Total Number of Successful Bids 16 27 21 14 17 22   13
Highest Yield Accepted (%) 1.8100 1.9600 1.9650 2.1400 2.1550 2.1700   2.3700
Lowest Yield Accepted (%) 1.7950 1.9350 1.9350 2.1100 2.1300 2.1400   2.3400
Highest Yield Rejected (%) 1.9650 2.0100 2.0500 2.2250 2.2300 2.2200   2.4400
Lowest Yield Rejected (%) 1.8100 1.9600 1.9650 2.1400 2.1550 2.1700   2.3700
Weighted Average Accepted Yield (%) 1.8030 1.9518 1.9517 2.1222 2.1452 2.1584   2.3560
Weighted Average Rejected Yield (%) 1.8366 1.9814 1.9973 2.1639 2.1837 2.1848   2.3902
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 45.5 64.9 37.5 6.2 66.7 67.6   88.0
Coverage Ratio 2.6300 2.4500 2.2600 1.7100 2.2900 1.8400   2.2300

*Individual allotments may vary due to rounding.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment or click on the "Register" link below a comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current Comment policy is here.