UK sells GBP 1.6bln 1.125% 2035 I/L: b/c 2.99x, real yield 1.463%

The UK successfully auctioned GBP 1.6 billion in inflation-linked bonds at a bid-to-cover ratio of 2.99, indicating strong demand. The real yield of 1.463% reflects market expectations of inflation and could signal a higher appetite for inflation protection, which might influence future government borrowing strategies and investor sentiment in the fixed income space.