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September 2040 Government inflation-linked tender #657; weighted average accepted yield was 1.70%; coverage ratio was 2.67x

Bonds
September 2040 Government inflation-linked tender #657; weighted average accepted yield was 1.70%; coverage ratio was 2.67x

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 #657 Previous #653 Previous #649 Previous #644 Previous #640 Previous #637   Previous #614
Series offered tender Nov 9, 2018 tender Oct 4, 2018 tender Sep 6, 2018 tender Aug 2, 2018 tender Jul 5, 2018 tender Jun 7, 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 39 40 47 59 50 27   43
Total Amount of Bids Received ($mln) 267 365 263 245 226 171   301
Total Number of Successful Bids 13 15 16 27 21 14   4
Highest Yield Accepted (%) 1.7100 1.8200 1.8100 1.9600 1.9650 2.1400   2.1700
Lowest Yield Accepted (%) 1.6900 1.7900 1.7950 1.9350 1.9350 2.1100   2.1400
Highest Yield Rejected (%) 1.7700 1.8700 1.9650 2.0100 2.0500 2.2250   2.2900
Lowest Yield Rejected (%) 1.7100 1.8200 1.8100 1.9600 1.9650 2.1400   2.1800
Weighted Average Accepted Yield (%) 1.6952 1.8114 1.8030 1.9518 1.9517 2.1222   2.1550
Weighted Average Rejected Yield (%) 1.7240 1.8327 1.8366 1.9814 1.9973 2.1639   2.2163
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 31.1 36.2 45.5 64.9 37.5 6.2   100.0
Coverage Ratio 2.6700 3.6500 2.6300 2.4500 2.2600 1.7100   3.0100

*Individual allotments may vary due to rounding.

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