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September 2040 Government inflation-linked tender #644; weighted average accepted yield was 1.95%; coverage ratio was 2.45x

Bonds
September 2040 Government inflation-linked tender #644; weighted average accepted yield was 1.95%; coverage ratio was 2.45x

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 #644 Previous #640 Previous #637 Previous #634 Previous #631 Previous #629   Previous #611
Series offered tender Aug 2, 2018 tender Jul 5, 2018 tender Jun 7, 2018 tender May 3, 2018 tender Apr 5, 2018 tender Mar 1, 2018   tender Aug 11, 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 59 50 27 47 37 41   45
Total Amount of Bids Received ($mln) 245 226 171 229 184 203   332
Total Number of Successful Bids 27 21 14 17 22 23   16
Highest Yield Accepted (%) 1.9600 1.9650 2.1400 2.1550 2.1700 2.2100   2.3750
Lowest Yield Accepted (%) 1.9350 1.9350 2.1100 2.1300 2.1400 2.1700   2.3400
Highest Yield Rejected (%) 2.0100 2.0500 2.2250 2.2300 2.2200 2.2950   2.5100
Lowest Yield Rejected (%) 1.9600 1.9650 2.1400 2.1550 2.1700 2.2100   2.3750
Weighted Average Accepted Yield (%) 1.9518 1.9517 2.1222 2.1452 2.1584 2.1987   2.3586
Weighted Average Rejected Yield (%) 1.9814 1.9973 2.1639 2.1837 2.1848 2.2383   2.4212
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 64.9 37.5 6.2 66.7 67.6 28.6   44.4
Coverage Ratio 2.4500 2.2600 1.7100 2.2900 1.8400 2.0300   3.3200

*Individual allotments may vary due to rounding.

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