UK sells £1.25 billion of treasury gilts maturing in 2029

The UK Debt Management Office recently sold £1.25 billion of 0½% Treasury Gilt 2029, with a coverage ratio of 3.65 times the amount offered. The auction attracted total bids of £4.56 billion, with bids ranging from a lowest accepted price of £90.419, yielding 4.822%, to a highest price of £90.435, yielding 4.815%. The average accepted price was £90.427, with a yield of 4.818%.

Competitive bids at the lowest accepted price received 61.4285% of the requested amount, while bids above this price were filled in full, and those below were rejected. The total amount in issue for this gilt will be £33,597.495 million nominal following settlement on September 16, 2026.

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