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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.


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

See also