September 2035 Government inflation linked tender #579; yield plummets to 1.57% (1.85% previously); coverage ratio spikes

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 #579 Previous #576 Previous #570 Previous #567 Previous #564 Previous #561
Series offered tender Aug. 12, 2016 tender Jul. 14, 2016 tender
May. 12, 2016
tender
Apr. 14, 2016
tender
Mar. 11, 2016
tender
Feb. 11, 2016
Total Amount Offered ($mln) 100 100 100 100 100 100
Total Amount Allocated ($mln) 100 100 100 100 100 100
Total Number of Bids Received 47 42 50 43 55 51
Total Amount of Bids Received ($mln) 224 147 257 293 297 187
Total Number of Successful Bids 21 20 27 5 16 29
Highest Yield Accepted (%) 1.585 1.865 1.910 2.140 2.230 2.420
Lowest Yield Accepted (%) 1.535 1.825 1.885 2.140 2.150 2.335
Highest Yield Rejected (%) 1.645 1.990 2.100 2.320 2.400 2.600
Lowest Yield Rejected (%) 1.585 1.870 1.910 2.140 2.230 2.420
Weighted Average Accepted Yield (%) 1.5696 1.8460 1.8968 2.1400 2.2043 2.3986
Weighted Average Rejected Yield (%) 1.6189 1.9055 1.9824 2.1902 2.2676 2.4672
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 86.7 100 27.8 66.7 10.5 14.8
Coverage Ratio 2.24 1.47 2.57 2.93 2.97 1.87

*Individual allotments may vary due to rounding.