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September 2040 Government inflation-linked tender #675; weighted average accepted yield was 1.33%; coverage ratio was 2.03x

Bonds
September 2040 Government inflation-linked tender #675; weighted average accepted yield was 1.33%; coverage ratio was 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 #675 Previous #671 Previous #667 Previous #662 Previous #657 Previous #653   Previous #631
Series offered tender Apr 4, 2018 tender Mar 7, 2018 tender Feb 7, 2018 tender Dec 6, 2018 tender Nov 9, 2018 tender Oct 4, 2018   tender Apr 5, 2018
Total Amount Offered ($mln) 100 100 100 100 100 100   100
Total Amount Allocated ($mln) 100 100 100 100 100 100   100
Total Number of Bids Received 36 30 35 43 39 40   37
Total Amount of Bids Received ($mln) 203 197 217 294 267 365   184
Total Number of Successful Bids 24 18 18 9 13 15   22
Highest Yield Accepted (%) 1.3450 1.4700 1.5000 1.7250 1.7100 1.8200   2.1700
Lowest Yield Accepted (%) 1.3050 1.4350 1.4650 1.7200 1.6900 1.7900   2.1400
Highest Yield Rejected (%) 1.4500 1.5550 1.5700 1.7800 1.7700 1.8700   2.2200
Lowest Yield Rejected (%) 1.3450 1.4700 1.5000 1.7250 1.7100 1.8200   2.1700
Weighted Average Accepted Yield (%) 1.3324 1.4476 1.4902 1.7244 1.6952 1.8114   2.1584
Weighted Average Rejected Yield (%) 1.3704 1.5102 1.5304 1.7416 1.7240 1.8327   2.1848
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 44.0 40.0 16.0 82.9 31.1 36.2   67.6
Coverage Ratio 2.0300 1.9700 2.1700 2.9400 2.6700 3.6500   1.8400

*Individual allotments may vary due to rounding.

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