September 2040 Government inflation-linked tender #653; weighted average accepted yield was 1.81%; coverage ratio was 3.65x

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 #653 Previous #649 Previous #644 Previous #640 Previous #637 Previous #634   Previous #614
Series offered tender Oct 4, 2018 tender Sep 6, 2018 tender Aug 2, 2018 tender Jul 5, 2018 tender Jun 7, 2018 tender May 3, 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 40 47 59 50 27 47   33
Total Amount of Bids Received ($mln) 365 263 245 226 171 229   223
Total Number of Successful Bids 15 16 27 21 14 17   13
Highest Yield Accepted (%) 1.8200 1.8100 1.9600 1.9650 2.1400 2.1550   2.3700
Lowest Yield Accepted (%) 1.7900 1.7950 1.9350 1.9350 2.1100 2.1300   2.3400
Highest Yield Rejected (%) 1.8700 1.9650 2.0100 2.0500 2.2250 2.2300   2.4400
Lowest Yield Rejected (%) 1.8200 1.8100 1.9600 1.9650 2.1400 2.1550   2.3700
Weighted Average Accepted Yield (%) 1.8114 1.8030 1.9518 1.9517 2.1222 2.1452   2.3560
Weighted Average Rejected Yield (%) 1.8327 1.8366 1.9814 1.9973 2.1639 2.1837   2.3902
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 36.2 45.5 64.9 37.5 6.2 66.7   88.0
Coverage Ratio 3.6500 2.6300 2.4500 2.2600 1.7100 2.2900   2.2300

*Individual allotments may vary due to rounding.

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