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Gilts in issue

The Gilts table lists every gilt currently in issue. Click any column heading to sort by it, and use the filter box to search by name, TIDM or ISIN. The columns are:

Name

The official title, which encodes the coupon and the redemption year — “4% Treasury Gilt 2035” pays 4% a year and repays in 2035.

TIDM

The London Stock Exchange ticker, such as TR35. This is usually what you type into a broker’s search box.

ISIN

The twelve-character international identifier, beginning GB for gilts. Use it when a name or ticker is ambiguous.

Type

Conventional gilts pay a fixed cash coupon and repay a fixed £100 per unit at maturity. Index-linked gilts have both the coupon and the redemption amount uprated in line with inflation, so the cash amounts are not known in advance.

Coupon

The annual interest rate paid on £100 of nominal value, almost always in two half-yearly instalments. It is fixed at issue and does not change with the market price, so it is not the return you earn if you buy today.

Maturity

The date the gilt is redeemed and £100 per unit is repaid, whatever the market price has done in between.

Total in issue

The nominal amount outstanding, in millions of pounds. Larger issues tend to trade more readily and at tighter spreads.

Price history

Each gilt has a price page showing its closing prices over time. Two figures are worth separating:

Clean price

The quoted price per £100 nominal, excluding interest accrued since the last coupon. This is the price you will see quoted, and the one charted here.

Dirty price

The clean price plus accrued interest — what actually settles when you buy. It is always the higher of the two, except on a coupon date.

Yield

The annualised return if you buy at that price and hold to maturity, assuming coupons are reinvested at the same rate. Prices and yields move in opposite directions: when the price falls, the yield rises.

Modified duration

Roughly how much the price moves for a one percentage point change in yield. A duration of 8 implies a price fall of about 8% if yields rise by one point — longer-dated gilts move far more than short ones.

Yields shown for index-linked gilts are real yields, before inflation uprating, so they are not comparable with the figures for conventional gilts.

About the figures

Prices and yields are end-of-day figures, not live prices. They are a reference point for comparison, not a quote you can trade on — your broker’s price at the moment you deal will differ, and will include their spread and charges.

Not yet available

The ladder builder, portfolio and cashflow tools are still being built, and their pages are placeholders for now. Accounts are created by an administrator, so registration is not open yet.

For advisers and firms

We are building a set of features for advisers running gilt portfolios on behalf of clients, including tracking multiple portfolios side by side, comparing ladders across clients, and exporting cashflow schedules. These are not available yet.

If that is something your firm would use, we would like to hear what you need before we finish building it. Get in touch and we will let you know when it is ready.

A word on what this is not

Gilt Analytics publishes information and calculations. It does not advise. Nothing here takes account of your circumstances, objectives or tax position, and nothing here is a recommendation to buy, sell or hold anything. The full wording is in the notice at the foot of every page. If you are unsure whether an investment suits you, speak to an adviser authorised by the Financial Conduct Authority.