Gilts

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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.


See also