By Miriam Mukuru


The U.K Debt Management Agency sold 2 billion pounds ($2.45 billion) in October 2053-dated gilts at an auction Tuesday, it said.

The following are results of the auction, with amounts in GBP.


Issue              3.75% Oct. 22 2053 gilt 
Amount on offer    2.0 bln 
Bids received      5.4  bln 
Bids accepted      2.0 bln 
Bid-to-cover ratio 2.71 
Average yield      3.864% 
Average price      97.97 
Maximum yield      3.865% 
Settlement date    March 22, 2023 
 

Write to Miriam Mukuru at miriam.mukuru@wsj.com


(END) Dow Jones Newswires

03-21-23 0626ET