---
source: UK Debt Management Office (DMO)
url: https://www.dmo.gov.uk/media/nbeoi0ea/090426conventional.pdf
document_type: pdf
date_retrieved: 2026-04-09
period: April 2026 (auction date: 09-April-2026)
parent_publication: Gilt Auction Results
indicators_covered: [Treasury Gilt 2033 Auction Yield, Allotment Price, Tail, Cover]
---

# Result of the Sale By Auction of £4,000 million of 4⅛% Treasury Gilt 2033

**Date:** 9 April 2026  
**ISIN:** GB00BVP99780  
**Auction amount:** £4,000 million  
**Total bids received:** £13,207 million (3.30× cover)

## Auction Results

| Metric | Value |
|--------|-------|
| **Non-competitive allotment price** | £97.752 |
| **Non-competitive yield (average accepted)** | **4.507%** |
| Highest accepted price | £97.774 |
| Highest accepted yield | 4.503% |
| Lowest accepted price | £97.740 |
| Lowest accepted yield | 4.509% |
| Tail* | 0.2 bps |

\* *Tail = (yield at lowest accepted price − yield at average accepted price) × 100, using unrounded yields*

## Allotment Details

- All accepted bids at the lowest accepted price were allotted **35.3333%** of amount bid for.
- Competitive bids above lowest accepted price allotted in full.
- Competitive bids below lowest accepted price were rejected.
- An additional £1,000 million made available to successful bidders at the non-competitive allotment price (Post-Auction Option Facility).

## Verification

- **Actual yield 4.507%** matches payload value.
- **Previous auction yield 4.075%** (24-Feb-2026) matches payload `previous`.
- Source domain `dmo.gov.uk` matches UK government Debt Management Office.