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UK DMO says tender of 2060 gilt covered 2.21 times
November 28, 2017 / 5:16 PM / 19 days ago

UK DMO says tender of 2060 gilt covered 2.21 times

LONDON (Reuters) - Britain’s Debt Management Office said on Tuesday it had sold 400 million pounds of the 4 percent conventional gilt due in 2060 GBT460= via tender, attracting offers worth 2.21 times the amount on offer.

A Japan Yen note in front of U.S. Dollar and British Pound Sterling notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration

The gilt sold at a yield of 1.63 percent, compared with a yield of 1.66 percent for the benchmark 40-year gilt GB40YT=RR.

($1 = 0.7520 pounds)

Reporting by Andy Bruce, editing by David Milliken

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