By Laura Contemori – ROME (Econostream) – The UK Debt Management Office (DMO) on Tuesday allotted £4.25 billion of its 4⅝% Treasury Gilt 2032.

The weighted average accepted price was 100.055, corresponding to a yield of 4.613%.

The highest accepted price was 100.130, corresponding to a yield of 4.597%, while the lowest accepted price was 100.044, corresponding to a yield of 4.615%.

Bids totaled £14.183 billion, resulting in a bid-to-cover ratio of 3.34.

The auction tail was 0.2bp.

Of the total amount allotted, £3.612 billion was allotted to competitive bids and £637.5 million through the non-competitive facility.

The DMO said an additional amount of up to £1.063 billion would be available to successful competitive bidders at the non-competitive allotment price.

Settlement is scheduled for August 5, 2026.