September 2040 Government inflation-linked tender #608; coverage ratio for the first 2040 issue just 1.55 times with a weighted average yield of 2.33%

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 2040 Today
#608
Series offered tender
Jul. 13,
2017
Total Amount Offered ($mln) 100
Total Amount Allocated ($mln) 100
Total Number of Bids Received 38
Total Amount of Bids Received ($mln) 155
Total Number of Successful Bids 26
Highest Yield Accepted (%) 2.3450
Lowest Yield Accepted (%) 2.3000
Highest Yield Rejected (%) 2.5200
Lowest Yield Rejected (%) 2.3450
Weighted Average Accepted Yield (%) 2.3284
Weighted Average Rejected Yield (%) 2.3791
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 58.8
Coverage Ratio 1.5500

*Individual allotments may vary due to rounding.