Bonds
September 2035 Government inflation-linked tender #587; weighted average yield 2.25% (1.9% previously) as global interest rates jump; highest coverage ratio for 6-months
11th Nov 16, 2:11pm
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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 2035 | Today #587 | Previous #584 | Previous #581 | Previous #579 | Previous #576 | Previous #570 |
| Series offered | tender Nov. 11, 2016 | tender Oct. 13, 2016 | tender Sept. 8, 2016 | tender Aug. 12, 2016 | tender Jul. 14, 2016 | tender May. 12, 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 | 53 | 51 | 35 | 47 | 42 | 50 |
| Total Amount of Bids Received ($mln) | 456 | 308 | 317 | 224 | 147 | 257 |
| Total Number of Successful Bids | 14 | 15 | 12 | 21 | 20 | 27 |
| Highest Yield Accepted (%) | 2.260 | 1.920 | 1.685 | 1.585 | 1.865 | 1.910 |
| Lowest Yield Accepted (%) | 2.235 | 1.880 | 1.660 | 1.535 | 1.825 | 1.885 |
| Highest Yield Rejected (%) | 2.380 | 2.010 | 1.800 | 1.645 | 1.990 | 2.100 |
| Lowest Yield Rejected (%) | 2.260 | 1.920 | 1.685 | 1.585 | 1.870 | 1.910 |
| Weighted Average Accepted Yield (%) | 2.2498 | 1.9016 | 1.6738 | 1.5696 | 1.8460 | 1.8968 |
| Weighted Average Rejected Yield (%) | 2.3065 | 1.9495 | 1.7142 | 1.6189 | 1.9055 | 1.9824 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 95.0 | 50.0 | 70.0 | 86.7 | 100 | 27.8 |
| Coverage Ratio | 4.56 | 3.80 | 3.17 | 2.24 | 1.47 | 2.57 |
*Individual allotments may vary due to rounding.
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