UK sells GBP 4.50bln 4.75% 2035 Gilt 4.75% 2035: b/c 3.26x (prev. 3.05x), average yield 4.456% (prev. 4.613%), tail 0.3bps (prev. 0.3bps)

UK sells GBP 4.50bln 4.75% 2035 Gilt 4.75% 2035: b/c 3.26x (prev. 3.05x), average yield 4.456% (prev. 4.613%), tail 0.3bps (prev. 0.3bps)

The UK successfully sold GBP 4.50 billion in 4.75% 2035 Gilts, demonstrating stronger demand with a bid-to-cover ratio of 3.26x compared to the previous 3.05x. The average yield of 4.456% is lower than the prior 4.613%, indicating improving investor sentiment towards UK debt, which could signal a more favorable environment for future issuances and influence the broader yield curve.