By Laura Contemori – ROME (Econostream) – The UK Debt Management Office (DMO) sold £1 billion of the 1⅛% Treasury Gilt 2039 on Thursday.

Total bids reached £4.039 billion, resulting in a bid-to-cover ratio of 4.04. The lowest accepted price was £63.313, equivalent to a yield of 5.088%, while the average accepted price was £63.334. The tail was 0.3bp, and the average accepted yield 5.085%.

Following the transaction, the nominal amount outstanding of the gilt will increase to £25.951 billion from May 29, 2026.