By Laura Contemori – ROME (Econostream) – The UK Debt Management Office (DMO) on Tuesday allotted £750 million of the 0⅛% Treasury Gilt 2028.

The average accepted price was 94.268, corresponding to a yield of 4.090%.

The highest accepted price was 94.272, corresponding to a yield of 4.087%, while the lowest accepted price was 94.262, corresponding to a yield of 4.094%.

Total bids amounted to £4.009 billion, resulting in a bid-to-cover ratio of 5.35.

The auction tail was 0.4bp.

Of the total, £749.999 million was allotted to competitive bidders, while £1,000 was retained by the DMO.

The amount in issue will increase to £40.760 billion nominal on July 29, 2026.