Sterling-overheidsschuld
Britse gilts
UK 10-year gilt: 5.25% per 9 September 2026 · Bank of England IUDMNZC. Methodologie
Gilts zijn obligaties uitgegeven door het UK Debt Management Office voor HM Treasury. Een conventionele gilt betaalt twee keer per jaar een vaste sterlingcoupon en lost op een genoemde vervaldatum £100 nominale waarde af. Index-linked gilts schalen die kasstromen met een gepubliceerde inflatie-index; groene gilts blijven Brits krediet, met een use-of-proceeds-label.
Het 10-jaars gilt-rendement is het tarief waarvan Britse hypotheken, defined-benefitpensioenen en sterlingkrediet-spreads aftakken. We drukken de IUDMNZC-reeks van de Bank of England op het livebord, met de observatiedatum op de kaart — geen ongedateerde screenshot.
Deze pagina's leggen de mechaniek uit: veilingen, dirty versus clean price, duration, en hoe gilts verschillen van NS&I-producten en van dollar-Treasuries. Het is geen handelsdienst.
- 1What Are UK Gilts? A Complete Beginner's GuideUK gilts are sterling bonds issued by HM Treasury. Learn how they work, who issues them and why investors hold them.
- 2How Do UK Government Bonds Work?A gilt has a coupon, a maturity date and a market price. This guide walks through cash flows from purchase to redemption.
- 3How to Buy UK GiltsYou can buy gilts via a broker, a stocks-and-shares ISA, a gilt fund or, in some cases, the DMO’s purchase service.
- 4UK Gilt Yields ExplainedGilt yields are the market’s required sterling return. See how running yield and yield to maturity differ — with dated snapshot figures.
- 5UK Gilt Prices ExplainedGilt prices are quoted per £100 face value. Clean price, dirty price and accrued interest all matter when you trade.
- 6UK Gilts vs Savings AccountsCompare gilt yields and cash deposits: FSCS protection, price risk, ISA wrappers and what happens if you need money early.
- 7UK Gilts vs StocksGilts offer contractual coupons; equities offer residual profits. See how risk, income and drawdowns differ.
- 8UK Gilts vs US TreasuriesSterling gilts versus dollar Treasuries: currency, yield, liquidity and central-bank policy.
- 9What Are Index-Linked Gilts?Index-linked gilts adjust coupons and principal with UK inflation. Learn RPI lag, real yield and when linkers help.
- 10What Are Green Gilts?Green gilts fund eligible environmental projects under the UK’s green financing framework. Credit risk remains UK sovereign.
- 11What Happens When a UK Gilt Matures?At maturity the DMO repays par (plus any index uplift for linkers). Brokers usually credit cash automatically.
- 12How Is a Gilt's Yield Calculated?Yield to maturity solves for the discount rate that equates a gilt’s dirty price to its remaining cash flows.
- 13What Is Gilt Duration?Duration measures how sensitive a gilt’s price is to yield changes. Longer gilts move more when the BoE shifts rates.
- 14Why Do Gilt Prices Rise and Fall?Gilt prices fall when required yields rise — and vice versa. Supply, inflation, growth and BoE policy all move the curve.
- 15How Interest Rates Affect UK GiltsBank Rate, expected future rates and term premium all feed into gilt yields. Duration decides how violently prices react.
- 16How Inflation Affects UK GiltsHigher inflation typically lifts gilt yields and hurts conventional gilt prices. Linkers behave differently.
- 17Short-Term vs Long-Term UK GiltsShort gilts have less duration risk; long gilts offer more price volatility and, often, more yield. UK pensions famously hold the longs.
- 18Fixed-Rate vs Index-Linked GiltsConventional gilts pay a known sterling coupon; linkers pay a real coupon plus inflation uplift. Choose by inflation view and liability type.
- 19Understanding UK Gilt Maturity DatesEach gilt has a final redemption date. The DMO names issues by coupon and year — for example 4¼% Treasury Gilt 2034.
- 20UK Gilt Coupon Payments ExplainedMost gilts pay coupons semi-annually. Accrued interest, ex-dividend dates and tax treatment all affect what you keep.
- 21What Is a Gilt Auction?The DMO sells gilts mainly by auction to GEMMs. Yields at auction are a public signal of demand.
- 22Who Buys UK Government Gilts?Pension funds, insurers, overseas official accounts, banks, the Bank of England (when it holds QE stock) and households all appear in DMO ownership data.
- 23Are UK Gilts Considered Safe?Gilts have very low credit risk in sterling, but they are not risk-free in real or mark-to-market terms.
- 24UK Gilts and Bank of England Interest RatesBank Rate sets the floor for sterling cash. Gilt yields embed the path of Bank Rate the market expects, not only today’s setting.
- 25How to Compare Different UK GiltsCompare coupon, maturity, yield, duration, linker vs conventional, and green vs conventional — using a dated data table.