September 2035 Government inflation linked tender #573; yield keeps falling; solid but unspectacular support; weighted average yield 1.84% (previously 1.9%)

The results from the latest inflation indexed bond offer by the Treasury’s Debt Management Office have been released.

2.50% – 20 September 2035 Today #573 Today #570 Previous #567 Previous #564 Previous #561 Previous #559 Previous #556
Series offered tender Jun. 10, 2016 tender
May. 12, 2016
tender
Apr. 14, 2016
tender
Mar. 11, 2016
tender
Feb. 11, 2016
tender
Dec. 11, 2015
tender
Nov. 12, 2015
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 35 50 43 55 51 37 57
Total Amount of Bids Received ($mln) 180 257 293 297 187 282 247
Total Number of Successful Bids 20 27 5 16 29 5 19
Highest Yield Accepted (%) 1.860 1.910 2.140 2.230 2.420 2.600 2.580
Lowest Yield Accepted (%) 1.830 1.885 2.140 2.150 2.335 2.500 2.540
Highest Yield Rejected (%) 2.030 2.100 2.320 2.400 2.600 2.780 2.900
Lowest Yield Rejected (%) 1.860 1.910 2.140 2.230 2.420 2.600 2.590
Weighted Average Accepted Yield (%) 1.8425 1.8968 2.1400 2.2043 2.3986 2.5085 2.5655
Weighted Average Rejected Yield (%) 1.9339 1.9824 2.1902 2.2676 2.4672 2.6421 2.6633
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 53.3 27.8 66.7 10.5 14.8 22.2 100
Coverage Ratio 1.80 2.57 2.93 2.97 1.87 2.82 2.47

*Individual allotments may vary due to rounding.