Thursday April 17, 11:34 AM
UK DMO auction of 2.25 bln pounds in 2042 gilts covered by bids 1.69 times
LONDON (Thomson Financial) - The UK's Debt Management Office said its auction of 2.25 billion pounds in Treasury gilts maturing in 2042 was covered by bids 1.69 times.
Bids for the gilts, which carry a yield of 4.25 percent, totaled
3.799 billion pounds.
The highest accepted bid was 99.01 with a yield of 4.557 percent, while the lowest accepted bid was 98.70 with a yield of 4.575 percent.
Bids at the lowest accepted price were allocated approximately 20 percent of the amount bid for, the DMO said.
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