
U.K. Sells 4 Billion Pounds in March 2031 Gilt

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The U.K.'s Debt Management Office auctioned 4 billion pounds ($5.44 billion) in March 2031-dated gilts. The auction received bids totaling 13.4 billion pounds, with a bid-to-cover ratio of 3.36. The average yield was 4.651%, and the average price was 97.75. The maximum yield reached 4.653%. The settlement date for the auction is May 13, 2026.

