By Laura Contemori – ROME (Econostream) – The UK Debt Management Office (DMO) on Thursday allotted £4.250 billion of the 4⅞% Treasury Gilt 2036.

The highest accepted price was £98.744, corresponding to a yield of 5.036%, while the lowest accepted price was £98.706, corresponding to a yield of 5.041%.

The non-competitive allotment price, representing the rounded average accepted price, was £98.714, corresponding to a yield of 5.040%.

Total bids amounted to £13.2995 billion, resulting in a bid-to-cover ratio of 3.13.

The auction tail was 0.1bp.

An additional amount of up to £1.0625 billion of the gilt will be made available to successful bidders for purchase at the non-competitive allotment price.