U.K. Sells GBP4 Billion in July 2029 Gilt

By Miriam Mukuru

The U.K's Debt Management Agency sold 4 billion pounds ($5.19 billion) in July 2029 dated gilts at an auction on Wednesday, it said.

The following are results of the auction, with amounts in pounds. Figures in brackets are data from the previous auction, held on June 18, 2024.

Issue              4.125% July 22 2029 gilt 
Amount on offer    4.0  bln 
Bids received      12.4 bln 
Bids accepted      4.0  bln 
Bid-to-cover ratio 3.10    (3.59) 
Average yield      4.023%  (4.083%) 
Average price      100.46  (100.19) 
Maximum yield      4.032%  (4.085%) 
Settlement date    July 18, 2024 
 

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(END) Dow Jones Newswires

07-17-24 0527ET