September 2035 Government inflation linked tender sees average yield fall to 2.50%; solid coverage ratio but continuing to see a small number of successful bids

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 #559 Previous #556 Previous #554 Previous #552 Previous #549
Series offered tender
Dec. 11, 2015
tender
Nov. 12, 2015
tender
Oct. 8, 2015
tender
Sept. 17, 2015
tender
Aug. 20, 2015
Total Amount Offered ($mln) 100 100 100 100 100
Total Amount Allocated ($mln) 100 100 100 100 100
Total Number of Bids Received 37 57 55 46 50
Total Amount of Bids Received ($mln) 282 247 235 203 271
Total Number of Successful Bids 5 19 34 7 17
Highest Yield Accepted (%) 2.600 2.580 2.450 2.330 2.200
Lowest Yield Accepted (%) 2.500 2.540 2.370 2.300 2.160
Highest Yield Rejected (%) 2.780 2.900 2.580 2.470 2.400
Lowest Yield Rejected (%) 2.600 2.590 2.450 2.340 2.200
Weighted Average Accepted Yield (%) 2.5085 2.5655 2.4221 2.3127 2.1869
Weighted Average Rejected Yield (%) 2.6421 2.6633 2.4939 2.3953 2.2552
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 22.2 100 70 100 6.3
Coverage Ratio 2.82 2.47 2.35 2.03 2.71

*Individual allotments may vary due to rounding.