Successful auction sees strong demand for UK index-linked gilt
- UK sells GBP900 million in March 2051 index-linked gilt
- Bids received: GBP2.86 billion
- Bid-to-cover ratio: 3.18
- Real yield: 1.314%
- Price: 72.73
The UK’s Debt Management Agency successfully sold GBP900 million in March 2051 dated index-linked gilts at an auction on Wednesday. The auction received bids totaling GBP2.86 billion, resulting in a bid-to-cover ratio of 3.18. The real yield for the gilt was 1.314% and the price was 72.73. This auction demonstrates strong demand for UK index-linked gilts.
Factuality Level: 8
Factuality Justification: The article provides factual information about the U.K’s Debt Management Agency selling 900 million pounds in index-linked gilts at an auction. The figures and data from the auction are accurately reported.
Noise Level: 8
Noise Justification: The article provides specific information about the U.K’s Debt Management Agency selling index-linked gilts at an auction. However, it lacks context and analysis, and does not provide any actionable insights or new knowledge for the reader. The article is also very short and does not support its claims with evidence or data.
Financial Relevance: Yes
Financial Markets Impacted: Debt markets
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the sale of index-linked gilts by the U.K’s Debt Management Agency, which is relevant to financial markets. There is no mention of any extreme event in the article.
Key People: Miriam Mukuru (Author)
www.marketwatch.com 
