U.K. Sells 4 Billion Pounds in March 2033 Gilt

The U.K.'s Debt Management Office auctioned 4 billion pounds in March 2033-dated gilts, receiving bids totaling 13.5 billion pounds. The bid-to-cover ratio was 3.38, with an average yield of 4.550% and an average price of 97.54. The maximum yield reached 4.553%. Settlement is set for May 28, 2026.

By Miriam Mukuru

The U.K.'s Debt Management Office sold 4 billion pounds ($5.38 billion) in March 2033-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 April 9, 2026.

Issue              4.125% Mar. 7, 2033 gilt  Amount on offer    4.0  billion  Bids received      13.5 billion  Bids accepted      4.0  billion  Bid-to-cover ratio 3.38    (3.30)  Average yield      4.550%  (4.507%)  Average price      97.54   (97.75)  Maximum yield      4.553%  (4.509%)  Settlement date    May. 28, 2026

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

(END) Dow Jones Newswires

May 27, 2026 05:33 ET (09:33 GMT)

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