September 2035 Government inflation linked tender sees average yield at 2.2%; trend of small proportion of winning bid continues

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 #549 Previous #546 Previous #543 Previous #543 Previous #538
Series offered tender
August 20, 2015
tender
July 16, 2015
tender
June 4, 2015
tender
May 7, 2015
tender
April 2, 2015
Total Amount Offered ($million) 100 100 100 100 100
Total Amount Allocated ($million) 100 100 100 0 100
Total Number of Bids Received 50 60 99 20 33
Total Amount of Bids Received ($million) 271 218 297 107 175
Total Number of Successful Bids 17 20 27 0 18
Highest Yield Accepted (%) 2.200 2.250 2.610 0.000 1.880
Lowest Yield Accepted (%) 2.160 2.200 2.570 0.000 1.850
Highest Yield Rejected (%) 2.400 2.420 2.810 2.500 1.990
Lowest Yield Rejected (%) 2.200 2.250 2.610 2.100 1.880
Weighted Average Accepted Yield (%) 2.1869 2.2281 2.5985 0.0000 1.8691
Weighted Average Rejected Yield (%) 2.2552 2.3086 2.6550 2.2304 1.9089
Amount Allotted at Highest Accepted Yield
as Percentage of Amount Bid at that Yield*
6.3 66.7 58.8 0.00 97.5
Coverage Ratio 2.71 2.18 2.97 1.07 1.75

*Individual allotments may vary due to rounding.