Gilts: Difference between revisions
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Most commonly, UK central government debt. | Most commonly, UK central government debt. | ||
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The term 'gilt' is also used to refer to the debt of certain other central governments, especially US government [[treasury securities]]. | The term 'gilt' is also used to refer to the debt of certain other central governments, especially US government [[treasury securities]]. | ||
Revision as of 15:26, 13 May 2016
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.
2.
The term 'gilt' is also used to refer to the debt of certain other central governments, especially US government treasury securities.
