UK Gilt Prices Explained
Financial World News toimetus · Hariduslik selgitaja · Kuidas hangime tootlusi
Gilt prices are quoted per £100 face value. Clean price, dirty price and accrued interest all matter when you trade.
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UK Gilt Prices Explained — the mechanics
A gilt quoted at 98 is cheaper than par; at 105 it is richer. The clean price excludes accrued coupon; the dirty price is what you actually pay. Duration tells you how hard the price will move when yields shift.
UK gilt prices are per £100 nominal. 99.50 means you pay ninety-nine pounds and fifty pence of capital, plus accrued, per £100 face. A price above 100 is a premium gilt; below 100 is a discount gilt. Neither is ‘better’ until you look at YTM and tax.
Clean versus dirty: clean is the quoted capital price; dirty adds accrued coupon since the last pay date (except in the ex-dividend window, when accrued can be negative). Settlement is dirty.
When Bank Rate expectations jump, long gilt prices move more than short ones — that is duration. The 2022 LDI episode was a duration event in ultra-longs, not a UK default event.
Dated yields for this uk gilts topic
The live board on this site prints official or exchange 10-year rates with the observation date on each card (Bank of England IUDMNZC, ECB Maastricht series, CBOE/Yahoo Treasury yields). Individual ISIN prices are estimated from those moves — not a dealer quote.
Illustrative round-number snapshot for education. Figures are not a live market feed. Confirm with the UK DMO, TreasuryDirect, Bundesrepublik Deutschland Finanzagentur, Italian MEF, Agence France Trésor or Swiss Confederation before acting.
UK Gilts: UK Treasury 4.25% 2034 yield 5.25%, estimated price 93.7, duration 6.4y, maturity 2034-03-07.
US Treasuries: US Treasury 10-year Note yield 4.97%, estimated price 91.9, duration 8.2y, maturity 2036-08-15.
German Bunds: German Bund 10-year yield 3.19%, estimated price 94.1, duration 8.6y, maturity 2036-08-15.
Italian BTPs: BTP 10-year yield 3.99%, estimated price 96.1, duration 8.1y, maturity 2036-03-01.
French OATs: French OAT 10-year yield 4.00%, estimated price 89.8, duration 8.3y, maturity 2036-05-25.
Swiss Confederation: Swiss Confederation 10-year yield 0.42%, estimated price 100.7, duration 9.4y, maturity 2036-06-28.
If a number here disagrees with your broker, trust the broker to trade. Use this page to understand the contract, then confirm the screen.
Official sources (UK Gilts)
Primary statistics and prospectuses for UK Gilts are published by the issuer, not by this newsroom. The labelled links at the end of this page go to those official sites (DMO, TreasuryDirect, Finanzagentur, MEF, AFT, SNB or ECB as relevant).
Our live board is a teaching overlay: dated prints, named sources, estimated ISIN lines. It is not a replacement for the issuer’s calendar.
Peamised järeldused
- UK gilt prices are per £100 nominal.
- Any market figure belongs next to a date and a named source (BoE, ECB, CBOE/Yahoo). If those disagree with your broker, the broker wins for trading.
- Credit of a G7 government in its own currency is not the same as a stable screen price, and not the same as a bank deposit.
KKK
- Why is the dirty price higher than the clean price?
- Because the buyer compensates the seller for coupon already earned since the last payment date.