September 2040 Government inflation-linked tender #629; weighted average accepted yield up to 2.20%; coverage ratio up to 2.03x

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 #629 Today #626 Previous #622 Previous #619 Previous #614 Previous
#611
Series offered tender Mar 1, 2018 tender Feb 1, 2018 tender
Dec 7,
2017
tender
Nov 10,
2017
tender
Sep 14,
2017
tender
Aug. 11,
2017
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 41 34 41 43 33 45
Total Amount of Bids Received ($mln) 203 189 214 301 223 332
Total Number of Successful Bids 23 21 28 4 13 16
Highest Yield Accepted (%) 2.2100 2.0850 2.1300 2.1700 2.3700 2.3750
Lowest Yield Accepted (%) 2.1700 2.0400 2.0600 2.1400 2.3400 2.3400
Highest Yield Rejected (%) 2.2950 2.1700 2.2150 2.2900 2.4400 2.5100
Lowest Yield Rejected (%) 2.2100 2.0850 2.1300 2.1800 2.3700 2.3750
Weighted Average Accepted Yield (%) 2.1987 2.0627 2.1110 2.1550 2.3560 2.3586
Weighted Average Rejected Yield (%) 2.2383 2.1231 2.1570 2.2163 2.3902 2.4212
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 28.6 7.1 42.1 100.0 88.0 44.4
Coverage Ratio 2.0300 1.8900 2.1400 3.0100 2.2300 3.3200

*Individual allotments may vary due to rounding.