Gilts

1.

Most commonly, UK central government debt.

It may be dated (redeemable) or undated.

Undated gilts are perpetual debt, paying a fixed periodic coupon but having no final redemption date.

Gilt yields are conventionally quoted in the UK markets on a semi-annual basis.

Also known as Gilt-edged securities, or Gilt-edged stock.

Historically, they were printed on gilt-edged paper.

2.

The term 'gilt' is also used to refer to the debt of certain other central governments, especially US government treasury securities.

See also