By Laura Contemori – ROME (Econostream) – The UK Debt Management Office (DMO) on Thursday allotted £1.5 billion of the 0½% Treasury Gilt 2029 in a sale by tender.

Total bids received amounted to £5.420 billion, producing a bid-to-cover ratio of 3.61. The DMO allotted the full £1.5 billion, with no residual amount retained.

Accepted prices ranged from a highest accepted price of 91.315, equivalent to a yield of 4.058%, to a lowest accepted price of 91.299, equivalent to a yield of 4.064%.

The average accepted price was 91.304, corresponding to a yield of 4.062%.

The tender generated a tail of 0.2bp.

Bids accepted at the lowest accepted price were allotted in full.

The nominal amount outstanding of the gilt will increase to £32.347495 billion from June 26, 2026, the DMO said.