Bonds
September 2035 Government inflation linked tender #579; yield plummets to 1.57% (1.85% previously); coverage ratio spikes
12th Aug 16, 2:14pm
by
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 #579 | Previous #576 | Previous #570 | Previous #567 | Previous #564 | Previous #561 |
| Series offered | tender Aug. 12, 2016 | tender Jul. 14, 2016 | tender May. 12, 2016 |
tender Apr. 14, 2016 |
tender Mar. 11, 2016 |
tender Feb. 11, 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 | 47 | 42 | 50 | 43 | 55 | 51 |
| Total Amount of Bids Received ($mln) | 224 | 147 | 257 | 293 | 297 | 187 |
| Total Number of Successful Bids | 21 | 20 | 27 | 5 | 16 | 29 |
| Highest Yield Accepted (%) | 1.585 | 1.865 | 1.910 | 2.140 | 2.230 | 2.420 |
| Lowest Yield Accepted (%) | 1.535 | 1.825 | 1.885 | 2.140 | 2.150 | 2.335 |
| Highest Yield Rejected (%) | 1.645 | 1.990 | 2.100 | 2.320 | 2.400 | 2.600 |
| Lowest Yield Rejected (%) | 1.585 | 1.870 | 1.910 | 2.140 | 2.230 | 2.420 |
| Weighted Average Accepted Yield (%) | 1.5696 | 1.8460 | 1.8968 | 2.1400 | 2.2043 | 2.3986 |
| Weighted Average Rejected Yield (%) | 1.6189 | 1.9055 | 1.9824 | 2.1902 | 2.2676 | 2.4672 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 86.7 | 100 | 27.8 | 66.7 | 10.5 | 14.8 |
| Coverage Ratio | 2.24 | 1.47 | 2.57 | 2.93 | 2.97 | 1.87 |
*Individual allotments may vary due to rounding.
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