By Miriam Mukuru

The U.K's Debt Management Agency sold 2.25 billion British pounds ($2.73 billion) in July 2051-dated gilts at an auction on Thursday, it said.

The following are results of the auction, with amounts in pounds. Figures in brackets are data from the previous auction, held on Oct. 18, 2022.

Issue              1.25% July 31 2051 gilt 
Amount on offer    2.25 bln 
Bids received      4.73 bln 
Bids accepted      2.25 bln 
Bid-to-cover ratio 2.10   (2.13) 
Average yield      3.411% (4.409%) 
Average price      60.669 (48.768) 
Maximum yield      3.417% (4.424%) 
Settlement date    December 2, 2022 
 

Write to Miriam Mukuru at miriam.mukuru@wsj.com

(END) Dow Jones Newswires

December 01, 2022 05:28 ET (10:28 GMT)