The UK was over two and half times covered for a tender of long end Gilt on Thursday.
The UK received total bids of £1.27bn for the tender of its £500 4.25% 2046 Gilt. It was priced at 176.650 with a yield of 1.024%.
The sovereign announced the tender operation
on Tuesday, after Gilt-Edged Market MMakers (GEMMs) and investors expressed interest in a tender in