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The table below lists the principal amounts of each bill auctioned and the scale of bidding on 26th January 2018.   Maturity Date Principal Amount Sold Aggregate Scale of Bids 26th February 2018 £500 million £2711.5 million 30th April 2018 £500 million £2869.0 million 30th July 2018 £2000 million £6134.5 million   Calculate and comment on the significance of the bid-to-cover ratios given the size of the yields.

The table below lists the principal amounts of each bill auctioned and the scale of bidding on 26th January 2018.   Maturity Date Principal Amount Sold Aggregate Scale of Bids 26th February 2018 £500 million £2711.5 million 30th April 2018 £500 million £2869.0 million 30th July 2018 £2000 million £6134.5 million   Calculate and comment on the significance of the bid-to-cover ratios given the size of the yields.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The table below lists the principal amounts of each bill auctioned and the scale of bidding on 26th January 2018.

 

Maturity Date

Principal Amount Sold

Aggregate Scale of Bids

26th February 2018

£500 million

£2711.5 million

30th April 2018

£500 million

£2869.0 million

30th July 2018

£2000 million

£6134.5 million

 

Calculate and comment on the significance of the bid-to-cover ratios given the size of the yields.

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