Index-linked treasury auction oversubscribed

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A £1.1bn government auction of 13-year 1.875% index-linked treasury gilts has been oversubscribed by 2.72 times.

The auction received total bids of £2.99bn - far exceeding the £1.1bn the Debt Management Office, the government agency responsible for the auction, had offered. This follows the DMO's £1.75bn au...

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