September 2040 Government inflation-linked tender #671; weighted average accepted yield was 1.45%; coverage ratio was 1.97x

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 #671 Previous #667 Previous #662 Previous #657 Previous #653 Previous #649   Previous #629
Series offered tender Mar 7, 2018 tender Feb 7, 2018 tender Dec 6, 2018 tender Nov 9, 2018 tender Oct 4, 2018 tender Sep 6, 2018   tender Mar 1, 2018
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 30 35 43 39 40 47   41
Total Amount of Bids Received ($mln) 197 217 294 267 365 263   203
Total Number of Successful Bids 18 18 9 13 15 16   23
Highest Yield Accepted (%) 1.4700 1.5000 1.7250 1.7100 1.8200 1.8100   2.2100
Lowest Yield Accepted (%) 1.4350 1.4650 1.7200 1.6900 1.7900 1.7950   2.1700
Highest Yield Rejected (%) 1.5550 1.5700 1.7800 1.7700 1.8700 1.9650   2.2950
Lowest Yield Rejected (%) 1.4700 1.5000 1.7250 1.7100 1.8200 1.8100   2.2100
Weighted Average Accepted Yield (%) 1.4476 1.4902 1.7244 1.6952 1.8114 1.8030   2.1987
Weighted Average Rejected Yield (%) 1.5102 1.5304 1.7416 1.7240 1.8327 1.8366   2.2383
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 40.0 16.0 82.9 31.1 36.2 45.5   28.6
Coverage Ratio 1.9700 2.1700 2.9400 2.6700 3.6500 2.6300   2.0300

*Individual allotments may vary due to rounding.

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