Government bond auction · United Kingdom
United Kingdom Treasury Gilt 2031 Auction
The United Kingdom Treasury Gilt 2031 Auction is a sale of new government debt by the United Kingdom's treasury or debt agency to investors.
- Importance
- Low
- Released
- Monthly
- Currency
- GBP · pound sterling
- Central bank
- The Bank of England
Latest figures
The latest release, published on 29 October 2026, came in at 4.847%, up from 4.842% the time before.
Over the last 11 releases it ranged from 3.980% to 4.847%, averaging 4.293%; it has been rising for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 29 Oct 2026 | – | 4.847% | – | 4.842% |
| 7 Oct 2026 | – | 4.842% | – | 4.284% |
| 24 Jun 2026 | – | 4.284% | – | 4.651% |
| 12 May 2026 | – | 4.651% | – | 4.228% |
| 17 Mar 2026 | – | 4.228% | – | 4.001% |
| 10 Feb 2026 | – | 4.001% | – | 3.980% |
| 7 Jan 2026 | – | 3.980% | – | 3.796% |
| 16 Dec 2025 | – | 4.093% | – | 4.088% |
| 25 Nov 2025 | – | 4.088% | – | 4.004% |
| 23 Oct 2025 | – | 4.004% | – | 4.208% |
| 10 Sep 2025 | – | 4.208% | – | 4.401% |
Why it matters
Auctions show the demand for a country's debt. A weak auction (low cover ratio, a yield above where the bond traded before the sale, the "tail") can push yields up across the market; a strong one calms them. In times of fiscal stress auctions get close attention.
How it is calculated
Bidders submit the yield (or price) at which they will buy; the debt office allocates from the lowest yield up until the amount is sold. The release reports the average or highest yield and the bid-to-cover ratio.
Bid-to-cover = amount bid ÷ amount soldWhat changes mean
- Bid-to-cover above its recent average and no tail: solid demand.
- Index-linked and green bonds are smaller auctions with their own investor base.
A short history
Most governments moved from fixed-price syndicates to regular auctions in the 1970s–1990s; the US Treasury has auctioned bills since 1929.
Questions
What is the United Kingdom Treasury Gilt 2031 Auction?
The United Kingdom Treasury Gilt 2031 Auction is a sale of new government debt by the United Kingdom's treasury or debt agency to investors.
What was the latest United Kingdom Treasury Gilt 2031 Auction?
4.847%, published on 29 October 2026.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.