September 2035 Government inflation-linked tender #594; weighted average yield 2.41% (2.42% previously); demand still fairly high

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 2035 Today #594 Previous #590 Previous #587 Previous #584 Previous #581 Previous #579
Series offered

tender Feb 10, 2017

tender Dec. 9, 2016 tender Nov. 11, 2016 tender Oct. 13, 2016 tender Sept. 8, 2016 tender Aug. 12, 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 42 50 53 51 35 47
Total Amount of Bids Received ($mln) 451 538 456 308 317 224
Total Number of Successful Bids 11 14 14 15 12 21
Highest Yield Accepted (%) 2.4200 2.430 2.260 1.920 1.685 1.585
Lowest Yield Accepted (%) 2.3950 2.415 2.235 1.880 1.660 1.535
Highest Yield Rejected (%) 2.5500 2.575 2.380 2.010 1.800 1.645
Lowest Yield Rejected (%) 2.4200 2.430 2.260 1.920 1.685 1.585
Weighted Average Accepted Yield (%) 2.4110 2.4238 2.2498 1.9016 1.6738 1.5696
Weighted Average Rejected Yield (%) 2.4501 2.4694 2.3065 1.9495 1.7142 1.6189
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 37.5 51.2 95.0 50.0 70.0 86.7
Coverage Ratio 4.51 5.38 4.56 3.80 3.17 2.24

 

*Individual allotments may vary due to rounding.