UK sells GBP 4.75bln 4.00% 2029 Gilt: b/c 3.66x (prev. 3.10x), avg. yield 3.821% (prev. 3.855%), tail 0.3bps (prev. 0.4bps)

The UK’s recent auction of GBP 4.75 billion in 4.00% 2029 Gilts showed improved demand with a bid-to-cover ratio of 3.66x, up from 3.10x previously.

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UK sells GBP 4.75bln 4.00% 2029 Gilt: b/c 3.66x (prev. 3.10x), avg. yield 3.821% (prev. 3.855%), tail 0.3bps (prev. 0.4bps)

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Context

Although the average yield decreased slightly to 3.821% from 3.855%, the modest tail indicates decent execution, suggesting healthy appetite for UK debt despite a minor yield drop. This dynamic could reinforce a positive sentiment in the gilt market and influence broader fixed-income trading strategies.

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