By Jessica Fleetham


The U.K. Debt Management Office sold 4 billion pounds ($4.88 billion) in new October 2025-dated gilts at an auction on Tuesday, it said.

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


Issue              3.5% October 22 2025 gilt 
Amount on offer    4 bln 
Bids received      8.929 bln 
Bids accepted      4 bln 
Bid-to-cover ratio 2.23 
Average yield      3.634 
Average price      99.656 
Maximum Yield      3.643 
Settlement date    January 18, 2023

Write to Jessica Fleetham at jessica.fleetham@wsj.com


(END) Dow Jones Newswires

01-17-23 0525ET