UK sells GBP 4.25bln 4.125% 2031 Gilt; b/c 3.50x (prev. 3.23x), average yield 3.980% (prev. 4.093%), tail 0.2bps (prev. 0.2bps)

UK sells GBP 4.25bln 4.125% 2031 Gilt; b/c 3.50x (prev. 3.23x), average yield 3.980% (prev. 4.093%), tail 0.2bps (prev. 0.2bps)

The UK successfully sold GBP 4.25 billion in 4.125% 2031 gilts, with demand improving as indicated by a bid-to-cover ratio of 3.50x, up from 3.23x previously. The average yield dropped slightly to 3.980%, compared to the previous yield of 4.093%, which may suggest that investors are becoming more comfortable with UK sovereign debt, potentially affecting future rate sentiments and risk appetite.