Gilt Report — 2026-08-19

Gilts in issue

104

Priced

104

Not calculated

Benchmark divergence

Income tax bands / CGT

0% / 20% / 40% / 45% / 0%

Calc version

1.3

Gilt yield curve

Priced gilts (104)

★	Rank	Gilt	Coupon	Matures	Tenor	Clean	Accr.	Gross	Net
	70	0 3/8% Treasury Gilt 2026 GB00BNNGP668 · Ultra-Short	0.38%	2026-10-22	0-2Y	99.48▲ +0.03%	0.127120d	3.43%▼ -21.8bps	2.99%
Key metrics Gross yield3.43% DMO yield— Net yield2.99% Grossed-up yield4.99% Curve spread-57.7 Years to maturity0.17y Modified duration0.17 DV010.0017 Bond Issue date2021-03-03 Maturity date2026-10-22 Ex-dividend date2026-10-13 Next coupon2026-10-22 Coupon0.38% Tenor0-2Y Settlement Clean price99.48 Dirty price99.61 Accrued interest0.127 Settlement date2026-08-20 Relative value Div (bps)-57.7 Δ Div-36.7 Bench4.01% OIS %3.75% OIS spr-31.5 Running0.38% Bid / Offer99.47 / 99.48 Bid / Offer (dirty)99.60 / 99.61 Holding-period return Consideration£99,475.00 Accrued interest£123.29 Maturity income£38.84 Capital gain£525.00 Total costs£135.24 Net return£428.60 Effective rate2.48% Implied rate4.16% Bid / offer (dirty)99.60 / 99.61 Tax bands 0%net 3.43% · tax-eq 3.43% · rank 70 20%net 3.21% · tax-eq 4.02% · rank 66 40%net 2.99% · tax-eq 4.99% · rank 54 45%net 2.94% · tax-eq 5.34% · rank 50
	51	4 1/8% Treasury Gilt 2027 GB00BL6C7720 · Ultra-Short	4.13%	2027-01-29	0-2Y	100.04▸ 0.00%	0.29122d	3.94%▼ -7.2bps	2.06%
Key metrics Gross yield3.94% DMO yield— Net yield2.06% Grossed-up yield3.44% Curve spread-7.5 Years to maturity0.44y Modified duration0.43 DV010.0043 Bond Issue date2022-10-13 Maturity date2027-01-29 Ex-dividend date2027-01-20 Next coupon2027-01-29 Coupon4.13% Tenor0-2Y Settlement Clean price100.04 Dirty price100.33 Accrued interest0.291 Settlement date2026-08-20 Relative value Div (bps)-7.5 Δ Div-1.1 Bench4.01% OIS %3.85% OIS spr+8.2 Running4.12% Bid / Offer100.03 / 100.04 Bid / Offer (dirty)100.32 / 100.33 Holding-period return Consideration£100,035.00 Accrued interest£248.63 Maturity income£1,098.49 Capital gain£-35.00 Total costs£260.58 Net return£802.91 Effective rate1.81% Implied rate3.01% Bid / offer (dirty)100.32 / 100.33 Tax bands 0%net 3.94% · tax-eq 3.94% · rank 69 20%net 3.00% · tax-eq 3.75% · rank 68 40%net 2.06% · tax-eq 3.44% · rank 67 45%net 1.83% · tax-eq 3.33% · rank 67
	38	3¾% Treasury Gilt 2027 GB00BPSNB460 · Ultra-Short	3.75%	2027-03-07	0-2Y	99.83▲ +0.01%	1.732166d	3.99%▼ -11.8bps	1.25%
Key metrics Gross yield3.99% DMO yield— Net yield1.25% Grossed-up yield2.08% Curve spread-3.9 Years to maturity0.54y Modified duration0.53 DV010.0054 Bond Issue date2024-01-11 Maturity date2027-03-07 Ex-dividend date2026-08-26 Next coupon2026-09-07 Coupon3.75% Tenor0-2Y Settlement Clean price99.83 Dirty price101.56 Accrued interest1.732 Settlement date2026-08-20 Relative value Div (bps)-3.9 Δ Div+7.1 Bench4.03% OIS %3.90% OIS spr+9.1 Running3.76% Bid / Offer99.82 / 99.84 Bid / Offer (dirty)101.55 / 101.57 Holding-period return Consideration£99,830.00 Accrued interest£1,705.48 Maturity income£1,226.71 Capital gain£170.00 Total costs£1,717.43 Net return£-320.72 Effective rate-0.59% Implied rate-0.98% Bid / offer (dirty)101.55 / 101.57 Tax bands 0%net 3.99% · tax-eq 3.99% · rank 68 20%net 2.61% · tax-eq 3.27% · rank 70 40%net 1.25% · tax-eq 2.08% · rank 70 45%net 0.91% · tax-eq 1.65% · rank 70
	32	1¼% Treasury Gilt 2027 GB00BDRHNP05 · Ultra-Short	1.25%	2027-07-22	0-2Y	97.42▲ +0.03%	0.11229d	4.12%▼ -5.8bps	3.57%
Key metrics Gross yield4.12% DMO yield— Net yield3.57% Grossed-up yield5.95% Curve spread-0.6 Years to maturity0.92y Modified duration0.90 DV010.0088 Bond Issue date2017-03-15 Maturity date2027-07-22 Ex-dividend date2027-01-13 Next coupon2027-01-22 Coupon1.25% Tenor0-2Y Settlement Clean price97.42 Dirty price97.53 Accrued interest0.112 Settlement date2026-08-20 Relative value Div (bps)-0.6 Δ Div+4.3 Bench4.13% OIS %4.04% OIS spr+8.5 Running1.28% Bid / Offer97.40 / 97.43 Bid / Offer (dirty)97.51 / 97.54 Holding-period return Consideration£97,415.00 Accrued interest£99.32 Maturity income£690.41 Capital gain£2,585.00 Total costs£111.27 Net return£3,164.15 Effective rate3.44% Implied rate5.88% Bid / offer (dirty)97.51 / 97.54 Tax bands 0%net 4.12% · tax-eq 4.12% · rank 66 20%net 3.85% · tax-eq 4.81% · rank 56 40%net 3.57% · tax-eq 5.95% · rank 39 45%net 3.50% · tax-eq 6.36% · rank 34
	20	4¼% Treasury Gilt 2027 GB00B16NNR78 · Ultra-Short	4.25%	2027-12-07	0-2Y	99.99▲ +0.01%	0.90674d	4.22%▼ -4.5bps	2.25%
Key metrics Gross yield4.22% DMO yield— Net yield2.25% Grossed-up yield3.75% Curve spread+2.3 Years to maturity1.30y Modified duration1.24 DV010.0125 Bond Issue date2006-09-06 Maturity date2027-12-07 Ex-dividend date2026-11-26 Next coupon2026-12-07 Coupon4.25% Tenor0-2Y Settlement Clean price99.99 Dirty price100.90 Accrued interest0.906 Settlement date2026-08-20 Relative value Div (bps)+2.3 Δ Div+5.8 Bench4.19% OIS %4.14% OIS spr+7.4 Running4.25% Bid / Offer99.97 / 100.01 Bid / Offer (dirty)100.88 / 100.92 Holding-period return Consideration£99,990.00 Accrued interest£861.64 Maturity income£3,311.51 Capital gain£10.00 Total costs£873.59 Net return£2,447.91 Effective rate1.88% Implied rate3.14% Bid / offer (dirty)100.88 / 100.92 Tax bands 0%net 4.22% · tax-eq 4.22% · rank 65 20%net 3.23% · tax-eq 4.04% · rank 65 40%net 2.25% · tax-eq 3.75% · rank 66 45%net 2.00% · tax-eq 3.64% · rank 66
	67	0 1/8% Treasury Gilt 2028 GB00BMBL1G81 · Ultra-Short	0.13%	2028-01-31	0-2Y	94.53▲ +0.05%	0.00820d	4.06%▼ -3.8bps	4.00%
Key metrics Gross yield4.06% DMO yield— Net yield4.00% Grossed-up yield6.67% Curve spread-15.6 Years to maturity1.45y Modified duration1.42 DV010.0134 Bond Issue date2020-06-12 Maturity date2028-01-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon0.13% Tenor0-2Y Settlement Clean price94.53 Dirty price94.54 Accrued interest0.008 Settlement date2026-08-20 Relative value Div (bps)-15.6 Δ Div-12.8 Bench4.21% OIS %4.17% OIS spr-11.6 Running0.13% Bid / Offer94.51 / 94.55 Bid / Offer (dirty)94.52 / 94.56 Holding-period return Consideration£94,530.00 Accrued interest£6.85 Maturity income£108.70 Capital gain£5,470.00 Total costs£18.80 Net return£5,559.90 Effective rate3.84% Implied rate6.76% Bid / offer (dirty)94.52 / 94.56 Tax bands 0%net 4.06% · tax-eq 4.06% · rank 67 20%net 4.03% · tax-eq 5.04% · rank 50 40%net 4.00% · tax-eq 6.67% · rank 24 45%net 4.00% · tax-eq 7.27% · rank 20
	5	4 3/8% Treasury Gilt 2028 GB00BSQNRC93 · Ultra-Short	4.38%	2028-03-07	0-2Y	100.04▲ +0.01%	2.021166d	4.32%▼ -4.8bps	2.05%
Key metrics Gross yield4.32% DMO yield— Net yield2.05% Grossed-up yield3.42% Curve spread+9.1 Years to maturity1.55y Modified duration1.45 DV010.0148 Bond Issue date2024-11-14 Maturity date2028-03-07 Ex-dividend date2026-08-26 Next coupon2026-09-07 Coupon4.38% Tenor0-2Y Settlement Clean price100.04 Dirty price102.06 Accrued interest2.021 Settlement date2026-08-20 Relative value Div (bps)+9.1 Δ Div+12.9 Bench4.23% OIS %4.19% OIS spr+12.7 Running4.37% Bid / Offer100.01 / 100.06 Bid / Offer (dirty)102.03 / 102.08 Holding-period return Consideration£100,035.00 Accrued interest£1,989.73 Maturity income£4,063.36 Capital gain£-35.00 Total costs£2,001.68 Net return£2,026.68 Effective rate1.31% Implied rate2.18% Bid / offer (dirty)102.03 / 102.08 Tax bands 0%net 4.32% · tax-eq 4.32% · rank 61 20%net 3.18% · tax-eq 3.98% · rank 67 40%net 2.05% · tax-eq 3.42% · rank 68 45%net 1.77% · tax-eq 3.21% · rank 68
	4	4½% Treasury Gilt 2028 GB00BMF9LG83 · Ultra-Short	4.50%	2028-06-07	0-2Y	100.21▲ +0.01%	0.95974d	4.35%▼ -3.2bps	2.35%
Key metrics Gross yield4.35% DMO yield— Net yield2.35% Grossed-up yield3.91% Curve spread+9.3 Years to maturity1.80y Modified duration1.70 DV010.0172 Bond Issue date2023-06-21 Maturity date2028-06-07 Ex-dividend date2026-11-26 Next coupon2026-12-07 Coupon4.50% Tenor0-2Y Settlement Clean price100.21 Dirty price101.17 Accrued interest0.959 Settlement date2026-08-20 Relative value Div (bps)+9.3 Δ Div+11.4 Bench4.26% OIS %4.22% OIS spr+12.4 Running4.49% Bid / Offer100.18 / 100.23 Bid / Offer (dirty)101.14 / 101.19 Holding-period return Consideration£100,205.00 Accrued interest£912.33 Maturity income£4,860.00 Capital gain£-205.00 Total costs£924.28 Net return£3,730.72 Effective rate2.07% Implied rate3.45% Bid / offer (dirty)101.14 / 101.19 Tax bands 0%net 4.35% · tax-eq 4.35% · rank 60 20%net 3.35% · tax-eq 4.18% · rank 64 40%net 2.35% · tax-eq 3.91% · rank 65 45%net 2.10% · tax-eq 3.81% · rank 65
	28	1 5/8% Treasury Gilt 2028 GB00BFX0ZL78 · Ultra-Short	1.63%	2028-10-22	2-5Y	94.50▲ +0.03%	0.551120d	4.29%▼ -2.4bps	3.52%
Key metrics Gross yield4.29% DMO yield— Net yield3.52% Grossed-up yield5.86% Curve spread+0.1 Years to maturity2.17y Modified duration2.09 DV010.0198 Bond Issue date2018-03-16 Maturity date2028-10-22 Ex-dividend date2026-10-13 Next coupon2026-10-22 Coupon1.63% Tenor2-5Y Settlement Clean price94.50 Dirty price95.05 Accrued interest0.551 Settlement date2026-08-20 Relative value Div (bps)+0.1 Δ Div+1.3 Bench4.29% OIS %4.25% OIS spr+4.1 Running1.72% Bid / Offer94.47 / 94.53 Bid / Offer (dirty)95.02 / 95.08 Holding-period return Consideration£94,500.00 Accrued interest£534.25 Maturity income£2,120.96 Capital gain£5,500.00 Total costs£546.20 Net return£7,074.76 Effective rate3.25% Implied rate5.74% Bid / offer (dirty)95.02 / 95.08 Tax bands 0%net 4.29% · tax-eq 4.29% · rank 63 20%net 3.90% · tax-eq 4.88% · rank 54 40%net 3.52% · tax-eq 5.86% · rank 42 45%net 3.42% · tax-eq 6.21% · rank 37
	41	6% Treasury Stock 2028 GB0002404191 · Ultra-Short	6.00%	2028-12-07	2-5Y	103.71▸ 0.00%	1.27974d	4.26%▼ -2.4bps	1.70%
Key metrics Gross yield4.26% DMO yield— Net yield1.70% Grossed-up yield2.84% Curve spread-4.8 Years to maturity2.30y Modified duration2.11 DV010.0222 Bond Issue date1998-01-29 Maturity date2028-12-07 Ex-dividend date2026-11-26 Next coupon2026-12-07 Coupon6.00% Tenor2-5Y Settlement Clean price103.71 Dirty price104.99 Accrued interest1.279 Settlement date2026-08-20 Relative value Div (bps)-4.8 Δ Div-3.7 Bench4.30% OIS %4.26% OIS spr-0.3 Running5.79% Bid / Offer103.67 / 103.74 Bid / Offer (dirty)104.95 / 105.02 Holding-period return Consideration£103,705.00 Accrued interest£1,216.44 Maturity income£8,284.93 Capital gain£-3,705.00 Total costs£1,228.39 Net return£3,351.54 Effective rate1.46% Implied rate2.34% Bid / offer (dirty)104.95 / 105.02 Tax bands 0%net 4.26% · tax-eq 4.26% · rank 64 20%net 2.98% · tax-eq 3.72% · rank 69 40%net 1.70% · tax-eq 2.84% · rank 69 45%net 1.38% · tax-eq 2.52% · rank 69
	29	0½% Treasury Gilt 2029 GB00BLPK7227 · Ultra-Short	0.50%	2029-01-31	2-5Y	91.23▲ +0.04%	0.03320d	4.32%▼ -1.7bps	4.10%
Key metrics Gross yield4.32% DMO yield— Net yield4.10% Grossed-up yield6.83% Curve spread-0.2 Years to maturity2.45y Modified duration2.38 DV010.0217 Bond Issue date2021-09-02 Maturity date2029-01-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon0.50% Tenor2-5Y Settlement Clean price91.23 Dirty price91.26 Accrued interest0.033 Settlement date2026-08-20 Relative value Div (bps)-0.2 Δ Div+0.2 Bench4.32% OIS %4.27% OIS spr+5.2 Running0.55% Bid / Offer91.19 / 91.26 Bid / Offer (dirty)91.22 / 91.29 Holding-period return Consideration£91,225.00 Accrued interest£27.40 Maturity income£735.62 Capital gain£8,775.00 Total costs£39.35 Net return£9,471.27 Effective rate3.86% Implied rate7.06% Bid / offer (dirty)91.22 / 91.29 Tax bands 0%net 4.32% · tax-eq 4.32% · rank 62 20%net 4.21% · tax-eq 5.26% · rank 41 40%net 4.10% · tax-eq 6.83% · rank 20 45%net 4.07% · tax-eq 7.41% · rank 19
	2	4% Treasury Gilt 2029 GB00BVP99566 · Ultra-Short	4.00%	2029-05-22	2-5Y	98.80▲ +0.03%	1.02290d	4.45%▼ -3.1bps	2.69%
Key metrics Gross yield4.45% DMO yield— Net yield2.69% Grossed-up yield4.48% Curve spread+10.2 Years to maturity2.75y Modified duration2.55 DV010.0255 Bond Issue date2025-10-09 Maturity date2029-05-22 Ex-dividend date2026-11-12 Next coupon2026-11-22 Coupon4.00% Tenor2-5Y Settlement Clean price98.80 Dirty price99.82 Accrued interest1.022 Settlement date2026-08-20 Relative value Div (bps)+10.2 Δ Div+11.9 Bench4.35% OIS %4.27% OIS spr+17.5 Running4.05% Bid / Offer98.76 / 98.84 Bid / Offer (dirty)99.78 / 99.86 Holding-period return Consideration£98,800.00 Accrued interest£986.30 Maturity income£6,614.79 Capital gain£1,200.00 Total costs£998.25 Net return£6,816.54 Effective rate2.47% Implied rate4.17% Bid / offer (dirty)99.78 / 99.86 Tax bands 0%net 4.45% · tax-eq 4.45% · rank 58 20%net 3.57% · tax-eq 4.46% · rank 61 40%net 2.69% · tax-eq 4.48% · rank 62 45%net 2.47% · tax-eq 4.49% · rank 62
	6	4 1/8% Treasury Gilt 2029 GB00BQC82B83 · Ultra-Short	4.13%	2029-07-22	2-5Y	99.07▲ +0.03%	0.37029d	4.45%▼ -2.8bps	2.75%
Key metrics Gross yield4.45% DMO yield— Net yield2.75% Grossed-up yield4.58% Curve spread+8.9 Years to maturity2.92y Modified duration2.71 DV010.0270 Bond Issue date2024-05-01 Maturity date2029-07-22 Ex-dividend date2027-01-13 Next coupon2027-01-22 Coupon4.13% Tenor2-5Y Settlement Clean price99.07 Dirty price99.44 Accrued interest0.370 Settlement date2026-08-20 Relative value Div (bps)+8.9 Δ Div+10.2 Bench4.36% OIS %4.28% OIS spr+17.3 Running4.16% Bid / Offer99.03 / 99.11 Bid / Offer (dirty)99.40 / 99.48 Holding-period return Consideration£99,070.00 Accrued interest£327.74 Maturity income£7,235.14 Capital gain£930.00 Total costs£339.69 Net return£7,825.45 Effective rate2.68% Implied rate4.50% Bid / offer (dirty)99.40 / 99.48 Tax bands 0%net 4.45% · tax-eq 4.45% · rank 57 20%net 3.60% · tax-eq 4.50% · rank 60 40%net 2.75% · tax-eq 4.58% · rank 60 45%net 2.53% · tax-eq 4.60% · rank 60
	21	0 7/8% Treasury Gilt 2029 GB00BJMHB534 · Short	0.88%	2029-10-22	2-5Y	89.65▲ +0.05%	0.296120d	4.40%▼ -2.1bps	3.99%
Key metrics Gross yield4.40% DMO yield— Net yield3.99% Grossed-up yield6.65% Curve spread+2.0 Years to maturity3.17y Modified duration3.06 DV010.0275 Bond Issue date2019-06-19 Maturity date2029-10-22 Ex-dividend date2026-10-13 Next coupon2026-10-22 Coupon0.88% Tenor2-5Y Settlement Clean price89.65 Dirty price89.95 Accrued interest0.296 Settlement date2026-08-20 Relative value Div (bps)+2.0 Δ Div+2.6 Bench4.38% OIS %4.28% OIS spr+12.1 Running0.98% Bid / Offer89.61 / 89.69 Bid / Offer (dirty)89.91 / 89.99 Holding-period return Consideration£89,650.00 Accrued interest£287.67 Maturity income£1,667.05 Capital gain£10,350.00 Total costs£299.62 Net return£11,717.43 Effective rate3.69% Implied rate6.86% Bid / offer (dirty)89.91 / 89.99 Tax bands 0%net 4.40% · tax-eq 4.40% · rank 59 20%net 4.20% · tax-eq 5.24% · rank 43 40%net 3.99% · tax-eq 6.65% · rank 25 45%net 3.94% · tax-eq 7.16% · rank 22
	7	4 3/8% Treasury Gilt 2030 GB00BSQNRD01 · Short	4.38%	2030-03-07	2-5Y	99.53▲ +0.03%	2.021166d	4.51%▼ -2.7bps	2.52%
Key metrics Gross yield4.51% DMO yield— Net yield2.52% Grossed-up yield4.20% Curve spread+8.9 Years to maturity3.55y Modified duration3.19 DV010.0324 Bond Issue date2025-01-09 Maturity date2030-03-07 Ex-dividend date2026-08-26 Next coupon2026-09-07 Coupon4.38% Tenor2-5Y Settlement Clean price99.53 Dirty price101.55 Accrued interest2.021 Settlement date2026-08-20 Relative value Div (bps)+8.9 Δ Div+9.9 Bench4.42% OIS %4.29% OIS spr+21.6 Running4.40% Bid / Offer99.48 / 99.57 Bid / Offer (dirty)101.50 / 101.59 Holding-period return Consideration£99,525.00 Accrued interest£1,989.73 Maturity income£9,313.36 Capital gain£475.00 Total costs£2,001.68 Net return£7,786.68 Effective rate2.19% Implied rate3.68% Bid / offer (dirty)101.50 / 101.59 Tax bands 0%net 4.51% · tax-eq 4.51% · rank 53 20%net 3.51% · tax-eq 4.39% · rank 62 40%net 2.52% · tax-eq 4.20% · rank 63 45%net 2.27% · tax-eq 4.13% · rank 63
	34	0 3/8% Treasury Gilt 2030 GB00BL68HH02 · Short	0.38%	2030-10-22	2-5Y	84.63▲ +0.06%	0.127120d	4.45%▼ -1.8bps	4.27%
Key metrics Gross yield4.45% DMO yield— Net yield4.27% Grossed-up yield7.12% Curve spread-2.4 Years to maturity4.17y Modified duration4.04 DV010.0343 Bond Issue date2020-05-13 Maturity date2030-10-22 Ex-dividend date2026-10-13 Next coupon2026-10-22 Coupon0.38% Tenor2-5Y Settlement Clean price84.63 Dirty price84.76 Accrued interest0.127 Settlement date2026-08-20 Relative value Div (bps)-2.4 Δ Div-2.5 Bench4.48% OIS %4.31% OIS spr+14.5 Running0.44% Bid / Offer84.58 / 84.68 Bid / Offer (dirty)84.71 / 84.81 Holding-period return Consideration£84,630.00 Accrued interest£123.29 Maturity income£939.45 Capital gain£15,370.00 Total costs£135.24 Net return£16,174.21 Effective rate3.87% Implied rate7.63% Bid / offer (dirty)84.71 / 84.81 Tax bands 0%net 4.45% · tax-eq 4.45% · rank 56 20%net 4.36% · tax-eq 5.45% · rank 39 40%net 4.27% · tax-eq 7.12% · rank 16 45%net 4.25% · tax-eq 7.73% · rank 15
	33	4¾% Treasury Gilt 2030 GB00B24FF097 · Short	4.75%	2030-12-07	2-5Y	101.01▲ +0.01%	1.01274d	4.47%▼ -1.6bps	2.49%
Key metrics Gross yield4.47% DMO yield— Net yield2.49% Grossed-up yield4.15% Curve spread-1.4 Years to maturity4.30y Modified duration3.82 DV010.0390 Bond Issue date2007-10-03 Maturity date2030-12-07 Ex-dividend date2026-11-26 Next coupon2026-12-07 Coupon4.75% Tenor2-5Y Settlement Clean price101.01 Dirty price102.02 Accrued interest1.012 Settlement date2026-08-20 Relative value Div (bps)-1.4 Δ Div-1.6 Bench4.49% OIS %4.31% OIS spr+16.4 Running4.70% Bid / Offer100.95 / 101.07 Bid / Offer (dirty)101.96 / 102.08 Holding-period return Consideration£101,010.00 Accrued interest£963.01 Maturity income£12,258.90 Capital gain£-1,010.00 Total costs£974.96 Net return£10,273.94 Effective rate2.39% Implied rate3.94% Bid / offer (dirty)101.96 / 102.08 Tax bands 0%net 4.47% · tax-eq 4.47% · rank 55 20%net 3.48% · tax-eq 4.35% · rank 63 40%net 2.49% · tax-eq 4.15% · rank 64 45%net 2.25% · tax-eq 4.08% · rank 64
	9	4 1/8% Treasury Gilt 2031 GB00BVP99673 · Short	4.13%	2031-03-07	2-5Y	98.13▲ +0.04%	1.906166d	4.57%▼ -2.5bps	2.73%
Key metrics Gross yield4.57% DMO yield— Net yield2.73% Grossed-up yield4.55% Curve spread+6.1 Years to maturity4.54y Modified duration4.02 DV010.0402 Bond Issue date2025-10-24 Maturity date2031-03-07 Ex-dividend date2026-08-26 Next coupon2026-09-07 Coupon4.13% Tenor2-5Y Settlement Clean price98.13 Dirty price100.04 Accrued interest1.906 Settlement date2026-08-20 Relative value Div (bps)+6.1 Δ Div+6.7 Bench4.51% OIS %4.32% OIS spr+25.5 Running4.20% Bid / Offer98.07 / 98.19 Bid / Offer (dirty)99.98 / 100.10 Holding-period return Consideration£98,130.00 Accrued interest£1,876.03 Maturity income£11,256.16 Capital gain£1,870.00 Total costs£1,887.98 Net return£11,238.19 Effective rate2.47% Implied rate4.20% Bid / offer (dirty)99.98 / 100.10 Tax bands 0%net 4.57% · tax-eq 4.57% · rank 52 20%net 3.65% · tax-eq 4.56% · rank 59 40%net 2.73% · tax-eq 4.55% · rank 61 45%net 2.50% · tax-eq 4.54% · rank 61
	42	0¼% Treasury Gilt 2031 GB00BMGR2809 · Short	0.25%	2031-07-31	2-5Y	81.33▲ +0.07%	0.01620d	4.50%▼ -1.9bps	4.39%
Key metrics Gross yield4.50% DMO yield— Net yield4.39% Grossed-up yield7.31% Curve spread-5.1 Years to maturity4.94y Modified duration4.81 DV010.0391 Bond Issue date2020-11-13 Maturity date2031-07-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon0.25% Tenor2-5Y Settlement Clean price81.33 Dirty price81.35 Accrued interest0.016 Settlement date2026-08-20 Relative value Div (bps)-5.1 Δ Div-5.2 Bench4.55% OIS %4.33% OIS spr+16.8 Running0.31% Bid / Offer81.27 / 81.39 Bid / Offer (dirty)81.29 / 81.41 Holding-period return Consideration£81,330.00 Accrued interest£13.70 Maturity income£742.19 Capital gain£18,670.00 Total costs£25.65 Net return£19,386.54 Effective rate3.92% Implied rate8.03% Bid / offer (dirty)81.29 / 81.41 Tax bands 0%net 4.50% · tax-eq 4.50% · rank 54 20%net 4.45% · tax-eq 5.56% · rank 35 40%net 4.39% · tax-eq 7.31% · rank 14 45%net 4.37% · tax-eq 7.95% · rank 13
	12	4% Treasury Gilt 2031 GB00BPSNBF73 · Short	4.00%	2031-10-22	5-10Y	97.13▲ +0.05%	1.355120d	4.62%▼ -2.0bps	2.88%
Key metrics Gross yield4.62% DMO yield— Net yield2.88% Grossed-up yield4.80% Curve spread+4.3 Years to maturity5.17y Modified duration4.55 DV010.0448 Bond Issue date2024-02-29 Maturity date2031-10-22 Ex-dividend date2026-10-13 Next coupon2026-10-22 Coupon4.00% Tenor5-10Y Settlement Clean price97.13 Dirty price98.49 Accrued interest1.355 Settlement date2026-08-20 Relative value Div (bps)+4.3 Δ Div+4.3 Bench4.58% OIS %4.34% OIS spr+27.6 Running4.12% Bid / Offer97.06 / 97.19 Bid / Offer (dirty)98.42 / 98.55 Holding-period return Consideration£97,125.00 Accrued interest£1,315.07 Maturity income£12,420.82 Capital gain£2,875.00 Total costs£1,327.02 Net return£13,968.80 Effective rate2.70% Implied rate4.63% Bid / offer (dirty)98.42 / 98.55 Tax bands 0%net 4.62% · tax-eq 4.62% · rank 51 20%net 3.75% · tax-eq 4.69% · rank 57 40%net 2.88% · tax-eq 4.80% · rank 58 45%net 2.67% · tax-eq 4.85% · rank 58
	10	1% Treasury Gilt 2032 GB00BM8Z2T38 · Short	1.00%	2032-01-31	5-10Y	82.57▲ +0.08%	0.06520d	4.66%▼ -1.8bps	4.21%
Key metrics Gross yield4.66% DMO yield— Net yield4.21% Grossed-up yield7.01% Curve spread+5.2 Years to maturity5.45y Modified duration5.17 DV010.0427 Bond Issue date2021-12-02 Maturity date2032-01-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon1.00% Tenor5-10Y Settlement Clean price82.57 Dirty price82.64 Accrued interest0.065 Settlement date2026-08-20 Relative value Div (bps)+5.2 Δ Div+4.8 Bench4.61% OIS %4.36% OIS spr+30.2 Running1.21% Bid / Offer82.51 / 82.63 Bid / Offer (dirty)82.58 / 82.70 Holding-period return Consideration£82,570.00 Accrued interest£54.79 Maturity income£3,271.23 Capital gain£17,430.00 Total costs£66.74 Net return£20,634.49 Effective rate3.78% Implied rate7.64% Bid / offer (dirty)82.58 / 82.70 Tax bands 0%net 4.66% · tax-eq 4.66% · rank 49 20%net 4.43% · tax-eq 5.54% · rank 36 40%net 4.21% · tax-eq 7.01% · rank 18 45%net 4.15% · tax-eq 7.55% · rank 17
	1	4 5/8% Treasury Gilt 2032 ⚠ GB00BWGDRG14 · Short	4.63%	2032-03-07	5-10Y	99.74▲ +0.05%	0.239166d	5.06%▼ -2.2bps	3.03%
Key metrics Gross yield5.06% DMO yield— Net yield3.03% Grossed-up yield5.04% Curve spread+44.8 Years to maturity5.55y Modified duration4.73 DV010.0473 Bond Issue date2026-08-05 Maturity date2032-03-07 Ex-dividend date2027-02-25 Next coupon2026-09-07 Coupon4.63% Tenor5-10Y Settlement Clean price99.74 Dirty price99.98 Accrued interest0.239 Settlement date2026-08-20 Relative value Div (bps)+44.8 Δ Div+44.8 Bench4.62% OIS %4.36% OIS spr+70.4 Running4.64% Bid / Offer99.67 / 99.81 Bid / Offer (dirty)99.91 / 100.05 Holding-period return Consideration£99,740.00 Accrued interest£2,103.42 Maturity income£15,403.15 Capital gain£260.00 Total costs£2,115.37 Net return£13,547.78 Effective rate2.44% Implied rate4.08% Bid / offer (dirty)99.91 / 100.05 Tax bands 0%net 5.06% · tax-eq 5.06% · rank 39 20%net 4.04% · tax-eq 5.05% · rank 48 40%net 3.03% · tax-eq 5.04% · rank 53 45%net 2.77% · tax-eq 5.04% · rank 54
	30	4¼% Treasury Stock 2032 GB0004893086 · Short	4.25%	2032-06-07	5-10Y	97.97▲ +0.06%	0.90674d	4.64%▼ -2.0bps	2.86%
Key metrics Gross yield4.64% DMO yield— Net yield2.86% Grossed-up yield4.76% Curve spread-0.2 Years to maturity5.80y Modified duration5.03 DV010.0498 Bond Issue date2000-05-25 Maturity date2032-06-07 Ex-dividend date2026-11-26 Next coupon2026-12-07 Coupon4.25% Tenor5-10Y Settlement Clean price97.97 Dirty price98.88 Accrued interest0.906 Settlement date2026-08-20 Relative value Div (bps)-0.2 Δ Div-0.5 Bench4.65% OIS %4.37% OIS spr+26.9 Running4.34% Bid / Offer97.90 / 98.04 Bid / Offer (dirty)98.81 / 98.95 Holding-period return Consideration£97,970.00 Accrued interest£861.64 Maturity income£14,796.99 Capital gain£2,030.00 Total costs£873.59 Net return£15,953.39 Effective rate2.75% Implied rate4.68% Bid / offer (dirty)98.81 / 98.95 Tax bands 0%net 4.64% · tax-eq 4.64% · rank 50 20%net 3.75% · tax-eq 4.69% · rank 58 40%net 2.86% · tax-eq 4.76% · rank 59 45%net 2.64% · tax-eq 4.79% · rank 59
	15	3¼% Treasury Gilt 2033 GB00BMV7TC88 · Short	3.25%	2033-01-31	5-10Y	91.68▲ +0.07%	0.21220d	4.76%▼ -1.5bps	3.38%
Key metrics Gross yield4.76% DMO yield— Net yield3.38% Grossed-up yield5.63% Curve spread+4.0 Years to maturity6.45y Modified duration5.69 DV010.0523 Bond Issue date2023-01-11 Maturity date2033-01-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon3.25% Tenor5-10Y Settlement Clean price91.68 Dirty price91.89 Accrued interest0.212 Settlement date2026-08-20 Relative value Div (bps)+4.0 Δ Div+3.1 Bench4.72% OIS %4.41% OIS spr+35.0 Running3.55% Bid / Offer91.60 / 91.75 Bid / Offer (dirty)91.81 / 91.96 Holding-period return Consideration£91,675.00 Accrued interest£178.08 Maturity income£12,586.85 Capital gain£8,325.00 Total costs£190.03 Net return£20,721.82 Effective rate3.21% Implied rate5.84% Bid / offer (dirty)91.81 / 91.96 Tax bands 0%net 4.76% · tax-eq 4.76% · rank 48 20%net 4.07% · tax-eq 5.09% · rank 46 40%net 3.38% · tax-eq 5.63% · rank 44 45%net 3.21% · tax-eq 5.83% · rank 44
	13	4 1/8% Treasury Gilt 2033 GB00BVP99780 · Short	4.13%	2033-03-07	5-10Y	96.35▲ +0.06%	1.906166d	4.77%▼ -2.2bps	2.96%
Key metrics Gross yield4.77% DMO yield— Net yield2.96% Grossed-up yield4.93% Curve spread+4.3 Years to maturity6.55y Modified duration5.55 DV010.0545 Bond Issue date2025-10-30 Maturity date2033-03-07 Ex-dividend date2026-08-26 Next coupon2026-09-07 Coupon4.13% Tenor5-10Y Settlement Clean price96.35 Dirty price98.26 Accrued interest1.906 Settlement date2026-08-20 Relative value Div (bps)+4.3 Δ Div+4.0 Bench4.73% OIS %4.41% OIS spr+35.9 Running4.28% Bid / Offer96.27 / 96.43 Bid / Offer (dirty)98.18 / 98.34 Holding-period return Consideration£96,350.00 Accrued interest£1,876.03 Maturity income£16,212.95 Capital gain£3,650.00 Total costs£1,887.98 Net return£17,974.97 Effective rate2.74% Implied rate4.75% Bid / offer (dirty)98.18 / 98.34 Tax bands 0%net 4.77% · tax-eq 4.77% · rank 47 20%net 3.86% · tax-eq 4.83% · rank 55 40%net 2.96% · tax-eq 4.93% · rank 57 45%net 2.73% · tax-eq 4.97% · rank 56
	11	0 7/8% Green Gilt 2033 GB00BM8Z2S21 · Short	0.88%	2033-07-31	5-10Y	76.94▲ +0.10%	0.05720d	4.82%▼ -1.9bps	4.41%
Key metrics Gross yield4.82% DMO yield— Net yield4.41% Grossed-up yield7.35% Curve spread+4.5 Years to maturity6.95y Modified duration6.56 DV010.0505 Bond Issue date2021-09-22 Maturity date2033-07-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon0.88% Tenor5-10Y Settlement Clean price76.94 Dirty price77.00 Accrued interest0.057 Settlement date2026-08-20 Relative value Div (bps)+4.5 Δ Div+3.9 Bench4.78% OIS %4.44% OIS spr+38.5 Running1.14% Bid / Offer76.86 / 77.01 Bid / Offer (dirty)76.92 / 77.07 Holding-period return Consideration£76,935.00 Accrued interest£47.95 Maturity income£3,649.11 Capital gain£23,065.00 Total costs£59.90 Net return£26,654.21 Effective rate3.83% Implied rate8.31% Bid / offer (dirty)76.92 / 77.07 Tax bands 0%net 4.82% · tax-eq 4.82% · rank 46 20%net 4.62% · tax-eq 5.77% · rank 29 40%net 4.41% · tax-eq 7.35% · rank 13 45%net 4.36% · tax-eq 7.93% · rank 14
	16	4 5/8% Treasury Gilt 2034 GB00BPJJKN53 · Medium	4.63%	2034-01-31	5-10Y	98.44▲ +0.05%	0.30220d	4.87%▼ -1.4bps	2.99%
Key metrics Gross yield4.87% DMO yield— Net yield2.99% Grossed-up yield4.98% Curve spread+3.5 Years to maturity7.45y Modified duration6.21 DV010.0613 Bond Issue date2023-10-12 Maturity date2034-01-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon4.63% Tenor5-10Y Settlement Clean price98.44 Dirty price98.74 Accrued interest0.302 Settlement date2026-08-20 Relative value Div (bps)+3.5 Δ Div+2.3 Bench4.83% OIS %4.47% OIS spr+40.3 Running4.70% Bid / Offer98.35 / 98.53 Bid / Offer (dirty)98.65 / 98.83 Holding-period return Consideration£98,440.00 Accrued interest£253.42 Maturity income£20,687.05 Capital gain£1,560.00 Total costs£265.37 Net return£21,981.68 Effective rate2.95% Implied rate4.99% Bid / offer (dirty)98.65 / 98.83 Tax bands 0%net 4.87% · tax-eq 4.87% · rank 45 20%net 3.93% · tax-eq 4.91% · rank 53 40%net 2.99% · tax-eq 4.98% · rank 55 45%net 2.75% · tax-eq 5.00% · rank 55
	18	4¼% Treasury Gilt 2034 GB00BQC82C90 · Medium	4.25%	2034-07-31	5-10Y	95.60▲ +0.05%	0.27720d	4.92%▼ -1.5bps	3.16%
Key metrics Gross yield4.92% DMO yield— Net yield3.16% Grossed-up yield5.27% Curve spread+2.7 Years to maturity7.95y Modified duration6.62 DV010.0634 Bond Issue date2024-06-12 Maturity date2034-07-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon4.25% Tenor5-10Y Settlement Clean price95.60 Dirty price95.88 Accrued interest0.277 Settlement date2026-08-20 Relative value Div (bps)+2.7 Δ Div+1.7 Bench4.89% OIS %4.50% OIS spr+42.4 Running4.45% Bid / Offer95.50 / 95.69 Bid / Offer (dirty)95.78 / 95.97 Holding-period return Consideration£95,595.00 Accrued interest£232.88 Maturity income£20,274.25 Capital gain£4,405.00 Total costs£244.83 Net return£24,434.42 Effective rate3.07% Implied rate5.36% Bid / offer (dirty)95.78 / 95.97 Tax bands 0%net 4.92% · tax-eq 4.92% · rank 43 20%net 4.04% · tax-eq 5.05% · rank 49 40%net 3.16% · tax-eq 5.27% · rank 49 45%net 2.94% · tax-eq 5.35% · rank 49
	27	4½% Treasury Gilt 2034 GB00B52WS153 · Medium	4.50%	2034-09-07	5-10Y	97.25▲ +0.06%	2.079166d	4.91%▼ -1.6bps	2.97%
Key metrics Gross yield4.91% DMO yield— Net yield2.97% Grossed-up yield4.94% Curve spread+0.6 Years to maturity8.05y Modified duration6.52 DV010.0648 Bond Issue date2009-06-17 Maturity date2034-09-07 Ex-dividend date2026-08-26 Next coupon2026-09-07 Coupon4.50% Tenor5-10Y Settlement Clean price97.25 Dirty price99.33 Accrued interest2.079 Settlement date2026-08-20 Relative value Div (bps)+0.6 Δ Div-0.3 Bench4.90% OIS %4.50% OIS spr+40.8 Running4.63% Bid / Offer97.15 / 97.35 Bid / Offer (dirty)99.23 / 99.43 Holding-period return Consideration£97,250.00 Accrued interest£2,046.58 Maturity income£21,747.95 Capital gain£2,750.00 Total costs£2,058.53 Net return£22,439.42 Effective rate2.79% Implied rate4.77% Bid / offer (dirty)99.23 / 99.43 Tax bands 0%net 4.91% · tax-eq 4.91% · rank 44 20%net 3.94% · tax-eq 4.92% · rank 52 40%net 2.97% · tax-eq 4.94% · rank 56 45%net 2.72% · tax-eq 4.95% · rank 57
	17	4½% Treasury Gilt 2035 GB00BT7J0027 · Medium	4.50%	2035-03-07	5-10Y	96.56▲ +0.06%	2.079166d	4.99%▼ -1.9bps	3.04%
Key metrics Gross yield4.99% DMO yield— Net yield3.04% Grossed-up yield5.07% Curve spread+3.1 Years to maturity8.54y Modified duration6.84 DV010.0675 Bond Issue date2025-02-12 Maturity date2035-03-07 Ex-dividend date2026-08-26 Next coupon2026-09-07 Coupon4.50% Tenor5-10Y Settlement Clean price96.56 Dirty price98.64 Accrued interest2.079 Settlement date2026-08-20 Relative value Div (bps)+3.1 Δ Div+2.3 Bench4.96% OIS %4.53% OIS spr+45.9 Running4.66% Bid / Offer96.46 / 96.66 Bid / Offer (dirty)98.54 / 98.74 Holding-period return Consideration£96,560.00 Accrued interest£2,046.58 Maturity income£23,086.85 Capital gain£3,440.00 Total costs£2,058.53 Net return£24,468.32 Effective rate2.86% Implied rate4.94% Bid / offer (dirty)98.54 / 98.74 Tax bands 0%net 4.99% · tax-eq 4.99% · rank 42 20%net 4.02% · tax-eq 5.02% · rank 51 40%net 3.04% · tax-eq 5.07% · rank 52 45%net 2.80% · tax-eq 5.10% · rank 53
	24	0 5/8% Treasury Gilt 2035 GB00BMGR2916 · Medium	0.63%	2035-07-31	5-10Y	68.61▲ +0.10%	0.04120d	5.02%▼ -1.5bps	4.71%
Key metrics Gross yield5.02% DMO yield— Net yield4.71% Grossed-up yield7.86% Curve spread+1.7 Years to maturity8.94y Modified duration8.43 DV010.0579 Bond Issue date2020-09-09 Maturity date2035-07-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon0.63% Tenor5-10Y Settlement Clean price68.61 Dirty price68.65 Accrued interest0.041 Settlement date2026-08-20 Relative value Div (bps)+1.7 Δ Div+0.5 Bench5.01% OIS %4.56% OIS spr+46.5 Running0.91% Bid / Offer68.52 / 68.70 Bid / Offer (dirty)68.56 / 68.74 Holding-period return Consideration£68,610.00 Accrued interest£34.25 Maturity income£3,356.51 Capital gain£31,390.00 Total costs£46.20 Net return£34,700.31 Effective rate3.88% Implied rate9.42% Bid / offer (dirty)68.56 / 68.74 Tax bands 0%net 5.02% · tax-eq 5.02% · rank 41 20%net 4.87% · tax-eq 6.09% · rank 16 40%net 4.71% · tax-eq 7.86% · rank 10 45%net 4.67% · tax-eq 8.50% · rank 8
	19	4¾% Treasury Gilt 2035 GB00BTXS1K06 · Medium	4.75%	2035-10-22	5-10Y	97.70▲ +0.05%	1.609120d	5.06%▼ -1.4bps	3.05%
Key metrics Gross yield5.06% DMO yield— Net yield3.05% Grossed-up yield5.09% Curve spread+2.6 Years to maturity9.17y Modified duration7.22 DV010.0717 Bond Issue date2025-09-03 Maturity date2035-10-22 Ex-dividend date2026-10-13 Next coupon2026-10-22 Coupon4.75% Tenor5-10Y Settlement Clean price97.70 Dirty price99.31 Accrued interest1.609 Settlement date2026-08-20 Relative value Div (bps)+2.6 Δ Div+1.4 Bench5.03% OIS %4.57% OIS spr+48.6 Running4.86% Bid / Offer97.59 / 97.81 Bid / Offer (dirty)99.20 / 99.42 Holding-period return Consideration£97,700.00 Accrued interest£1,561.64 Maturity income£26,157.53 Capital gain£2,300.00 Total costs£1,573.59 Net return£26,883.94 Effective rate2.93% Implied rate5.00% Bid / offer (dirty)99.20 / 99.42 Tax bands 0%net 5.06% · tax-eq 5.06% · rank 40 20%net 4.05% · tax-eq 5.07% · rank 47 40%net 3.05% · tax-eq 5.09% · rank 51 45%net 2.80% · tax-eq 5.10% · rank 52
	26	4¼% Treasury Stock 2036 GB0032452392 · Medium	4.25%	2036-03-07	5-10Y	93.66▲ +0.05%	1.963166d	5.09%▼ -1.5bps	3.23%
Key metrics Gross yield5.09% DMO yield— Net yield3.23% Grossed-up yield5.38% Curve spread+1.6 Years to maturity9.55y Modified duration7.53 DV010.0720 Bond Issue date2003-02-27 Maturity date2036-03-07 Ex-dividend date2026-08-26 Next coupon2026-09-07 Coupon4.25% Tenor5-10Y Settlement Clean price93.66 Dirty price95.62 Accrued interest1.963 Settlement date2026-08-20 Relative value Div (bps)+1.6 Δ Div+0.4 Bench5.07% OIS %4.60% OIS spr+49.4 Running4.54% Bid / Offer93.55 / 93.77 Bid / Offer (dirty)95.51 / 95.73 Holding-period return Consideration£93,660.00 Accrued interest£1,932.88 Maturity income£24,361.23 Capital gain£6,340.00 Total costs£1,944.83 Net return£28,756.41 Effective rate3.01% Implied rate5.36% Bid / offer (dirty)95.51 / 95.73 Tax bands 0%net 5.09% · tax-eq 5.09% · rank 38 20%net 4.16% · tax-eq 5.20% · rank 44 40%net 3.23% · tax-eq 5.38% · rank 47 45%net 3.00% · tax-eq 5.45% · rank 47
	23	4 7/8% Treasury Gilt 2036 GB00BWBR1N39 · Medium	4.88%	2036-07-31	5-10Y	97.94▲ +0.07%	0.31820d	5.14%▼ -1.5bps	3.15%
Key metrics Gross yield5.14% DMO yield— Net yield3.15% Grossed-up yield5.25% Curve spread+1.8 Years to maturity9.95y Modified duration7.75 DV010.0762 Bond Issue date2026-04-15 Maturity date2036-07-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon4.88% Tenor5-10Y Settlement Clean price97.94 Dirty price98.26 Accrued interest0.318 Settlement date2026-08-20 Relative value Div (bps)+1.8 Δ Div+0.6 Bench5.12% OIS %4.62% OIS spr+51.3 Running4.98% Bid / Offer97.82 / 98.05 Bid / Offer (dirty)98.14 / 98.37 Holding-period return Consideration£97,935.00 Accrued interest£267.12 Maturity income£29,113.77 Capital gain£2,065.00 Total costs£279.07 Net return£30,899.69 Effective rate3.10% Implied rate5.28% Bid / offer (dirty)98.14 / 98.37 Tax bands 0%net 5.14% · tax-eq 5.14% · rank 37 20%net 4.14% · tax-eq 5.18% · rank 45 40%net 3.15% · tax-eq 5.25% · rank 50 45%net 2.90% · tax-eq 5.28% · rank 51
	22	4 5/8% Green Gilt 2037 GB00BVP99905 · Medium	4.63%	2037-03-07	10-20Y	95.37▲ +0.08%	2.086166d	5.20%▼ -1.8bps	3.20%
Key metrics Gross yield5.20% DMO yield— Net yield3.20% Grossed-up yield5.34% Curve spread+1.9 Years to maturity10.55y Modified duration8.02 DV010.0781 Bond Issue date2026-03-11 Maturity date2037-03-07 Ex-dividend date2026-08-26 Next coupon2026-09-07 Coupon4.63% Tenor10-20Y Settlement Clean price95.37 Dirty price97.46 Accrued interest2.086 Settlement date2026-08-20 Relative value Div (bps)+1.9 Δ Div+0.8 Bench5.18% OIS %4.66% OIS spr+54.0 Running4.85% Bid / Offer95.25 / 95.49 Bid / Offer (dirty)97.34 / 97.58 Holding-period return Consideration£95,370.00 Accrued interest£2,103.42 Maturity income£29,285.75 Capital gain£4,630.00 Total costs£2,115.37 Net return£31,800.38 Effective rate3.01% Implied rate5.27% Bid / offer (dirty)97.34 / 97.58 Tax bands 0%net 5.20% · tax-eq 5.20% · rank 36 20%net 4.20% · tax-eq 5.25% · rank 42 40%net 3.20% · tax-eq 5.34% · rank 48 45%net 2.95% · tax-eq 5.37% · rank 48
	31	1¾% Treasury Gilt 2037 GB00BZB26Y51 · Medium	1.75%	2037-09-07	10-20Y	71.06▲ +0.09%	0.808166d	5.23%▼ -1.3bps	4.34%
Key metrics Gross yield5.23% DMO yield— Net yield4.34% Grossed-up yield7.23% Curve spread-0.5 Years to maturity11.05y Modified duration9.51 DV010.0683 Bond Issue date2016-11-09 Maturity date2037-09-07 Ex-dividend date2026-08-26 Next coupon2026-09-07 Coupon1.75% Tenor10-20Y Settlement Clean price71.06 Dirty price71.87 Accrued interest0.808 Settlement date2026-08-20 Relative value Div (bps)-0.5 Δ Div-2.0 Bench5.23% OIS %4.69% OIS spr+53.7 Running2.46% Bid / Offer70.96 / 71.16 Bid / Offer (dirty)71.77 / 71.97 Holding-period return Consideration£71,060.00 Accrued interest£795.89 Maturity income£11,610.41 Capital gain£28,940.00 Total costs£807.84 Net return£39,742.57 Effective rate3.59% Implied rate8.43% Bid / offer (dirty)71.77 / 71.97 Tax bands 0%net 5.23% · tax-eq 5.23% · rank 35 20%net 4.78% · tax-eq 5.98% · rank 23 40%net 4.34% · tax-eq 7.23% · rank 15 45%net 4.22% · tax-eq 7.68% · rank 16
	25	3¾% Treasury Gilt 2038 GB00BQC4R999 · Medium	3.75%	2038-01-29	10-20Y	86.87▲ +0.07%	0.26522d	5.29%▼ -1.1bps	3.65%
Key metrics Gross yield5.29% DMO yield— Net yield3.65% Grossed-up yield6.08% Curve spread+1.7 Years to maturity11.44y Modified duration8.97 DV010.0781 Bond Issue date2022-11-09 Maturity date2038-01-29 Ex-dividend date2027-01-20 Next coupon2027-01-29 Coupon3.75% Tenor10-20Y Settlement Clean price86.87 Dirty price87.13 Accrued interest0.265 Settlement date2026-08-20 Relative value Div (bps)+1.7 Δ Div0.0 Bench5.27% OIS %4.72% OIS spr+57.3 Running4.32% Bid / Offer86.75 / 86.98 Bid / Offer (dirty)87.01 / 87.24 Holding-period return Consideration£86,865.00 Accrued interest£226.03 Maturity income£25,767.12 Capital gain£13,135.00 Total costs£237.98 Net return£38,664.15 Effective rate3.38% Implied rate6.48% Bid / offer (dirty)87.01 / 87.24 Tax bands 0%net 5.29% · tax-eq 5.29% · rank 34 20%net 4.47% · tax-eq 5.59% · rank 34 40%net 3.65% · tax-eq 6.08% · rank 35 45%net 3.45% · tax-eq 6.27% · rank 36
	37	4¾% Treasury Stock 2038 GB00B00NY175 · Medium	4.75%	2038-12-07	10-20Y	94.87▲ +0.07%	1.01274d	5.32%▼ -1.4bps	3.32%
Key metrics Gross yield5.32% DMO yield— Net yield3.32% Grossed-up yield5.53% Curve spread-3.8 Years to maturity12.30y Modified duration9.03 DV010.0866 Bond Issue date2004-04-23 Maturity date2038-12-07 Ex-dividend date2026-11-26 Next coupon2026-12-07 Coupon4.75% Tenor10-20Y Settlement Clean price94.87 Dirty price95.88 Accrued interest1.012 Settlement date2026-08-20 Relative value Div (bps)-3.8 Δ Div-5.3 Bench5.35% OIS %4.77% OIS spr+54.8 Running5.01% Bid / Offer94.74 / 95.00 Bid / Offer (dirty)95.75 / 96.01 Holding-period return Consideration£94,870.00 Accrued interest£963.01 Maturity income£35,074.52 Capital gain£5,130.00 Total costs£974.96 Net return£39,229.56 Effective rate3.19% Implied rate5.60% Bid / offer (dirty)95.75 / 96.01 Tax bands 0%net 5.32% · tax-eq 5.32% · rank 33 20%net 4.32% · tax-eq 5.39% · rank 40 40%net 3.32% · tax-eq 5.53% · rank 46 45%net 3.07% · tax-eq 5.58% · rank 46
	36	1 1/8% Treasury Gilt 2039 GB00BLPK7334 · Medium	1.13%	2039-01-31	10-20Y	62.06▲ +0.10%	0.07320d	5.33%▼ -1.0bps	4.74%
Key metrics Gross yield5.33% DMO yield— Net yield4.74% Grossed-up yield7.90% Curve spread-3.4 Years to maturity12.45y Modified duration11.05 DV010.0687 Bond Issue date2021-07-14 Maturity date2039-01-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon1.13% Tenor10-20Y Settlement Clean price62.06 Dirty price62.13 Accrued interest0.073 Settlement date2026-08-20 Relative value Div (bps)-3.4 Δ Div-5.3 Bench5.37% OIS %4.78% OIS spr+55.7 Running1.81% Bid / Offer61.95 / 62.16 Bid / Offer (dirty)62.02 / 62.23 Holding-period return Consideration£62,055.00 Accrued interest£61.64 Maturity income£8,408.84 Capital gain£37,945.00 Total costs£73.59 Net return£46,280.24 Effective rate3.72% Implied rate9.98% Bid / offer (dirty)62.02 / 62.23 Tax bands 0%net 5.33% · tax-eq 5.33% · rank 32 20%net 5.04% · tax-eq 6.30% · rank 11 40%net 4.74% · tax-eq 7.90% · rank 8 45%net 4.67% · tax-eq 8.49% · rank 9
	39	4¼% Treasury Gilt 2039 GB00B3KJDS62 · Medium	4.25%	2039-09-07	10-20Y	89.45▲ +0.06%	1.963166d	5.38%▼ -1.2bps	3.48%
Key metrics Gross yield5.38% DMO yield— Net yield3.48% Grossed-up yield5.81% Curve spread-4.2 Years to maturity13.05y Modified duration9.49 DV010.0867 Bond Issue date2009-03-05 Maturity date2039-09-07 Ex-dividend date2026-08-26 Next coupon2026-09-07 Coupon4.25% Tenor10-20Y Settlement Clean price89.45 Dirty price91.41 Accrued interest1.963 Settlement date2026-08-20 Relative value Div (bps)-4.2 Δ Div-5.9 Bench5.42% OIS %4.81% OIS spr+56.8 Running4.75% Bid / Offer89.32 / 89.58 Bid / Offer (dirty)91.28 / 91.54 Holding-period return Consideration£89,450.00 Accrued interest£1,932.88 Maturity income£33,296.71 Capital gain£10,550.00 Total costs£1,944.83 Net return£41,901.89 Effective rate3.21% Implied rate5.98% Bid / offer (dirty)91.28 / 91.54 Tax bands 0%net 5.38% · tax-eq 5.38% · rank 30 20%net 4.43% · tax-eq 5.54% · rank 37 40%net 3.48% · tax-eq 5.81% · rank 43 45%net 3.25% · tax-eq 5.91% · rank 43
	35	4 3/8% Treasury Gilt 2040 GB00BQC82D08 · Medium	4.38%	2040-01-31	10-20Y	90.00▲ +0.06%	0.28520d	5.43%▼ -1.1bps	3.55%
Key metrics Gross yield5.43% DMO yield— Net yield3.55% Grossed-up yield5.92% Curve spread-2.9 Years to maturity13.45y Modified duration9.81 DV010.0886 Bond Issue date2024-09-04 Maturity date2040-01-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon4.38% Tenor10-20Y Settlement Clean price90.00 Dirty price90.29 Accrued interest0.285 Settlement date2026-08-20 Relative value Div (bps)-2.9 Δ Div-4.8 Bench5.46% OIS %4.83% OIS spr+59.3 Running4.86% Bid / Offer89.87 / 90.13 Bid / Offer (dirty)90.16 / 90.42 Holding-period return Consideration£90,000.00 Accrued interest£239.73 Maturity income£35,326.03 Capital gain£10,000.00 Total costs£251.68 Net return£45,074.35 Effective rate3.35% Implied rate6.20% Bid / offer (dirty)90.16 / 90.42 Tax bands 0%net 5.43% · tax-eq 5.43% · rank 29 20%net 4.49% · tax-eq 5.61% · rank 33 40%net 3.55% · tax-eq 5.92% · rank 41 45%net 3.32% · tax-eq 6.04% · rank 40
	47	4¼% Treasury Gilt 2040 GB00B6460505 · Medium	4.25%	2040-12-07	10-20Y	88.06▲ +0.07%	0.90674d	5.46%▼ -1.2bps	3.59%
Key metrics Gross yield5.46% DMO yield— Net yield3.59% Grossed-up yield5.98% Curve spread-6.5 Years to maturity14.30y Modified duration10.21 DV010.0909 Bond Issue date2010-06-30 Maturity date2040-12-07 Ex-dividend date2026-11-26 Next coupon2026-12-07 Coupon4.25% Tenor10-20Y Settlement Clean price88.06 Dirty price88.97 Accrued interest0.906 Settlement date2026-08-20 Relative value Div (bps)-6.5 Δ Div-8.4 Bench5.52% OIS %4.88% OIS spr+57.9 Running4.83% Bid / Offer87.92 / 88.20 Bid / Offer (dirty)88.83 / 89.11 Holding-period return Consideration£88,060.00 Accrued interest£861.64 Maturity income£36,489.45 Capital gain£11,940.00 Total costs£873.59 Net return£47,555.86 Effective rate3.32% Implied rate6.29% Bid / offer (dirty)88.83 / 89.11 Tax bands 0%net 5.46% · tax-eq 5.46% · rank 28 20%net 4.52% · tax-eq 5.65% · rank 32 40%net 3.59% · tax-eq 5.98% · rank 37 45%net 3.36% · tax-eq 6.10% · rank 39
	43	5¼% Treasury Gilt 2041 GB00BVP99897 · Medium	5.25%	2041-01-31	10-20Y	97.65▲ +0.07%	0.34220d	5.48%▼ -1.1bps	3.34%
Key metrics Gross yield5.48% DMO yield— Net yield3.34% Grossed-up yield5.57% Curve spread-5.3 Years to maturity14.45y Modified duration9.94 DV010.0974 Bond Issue date2025-10-15 Maturity date2041-01-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon5.25% Tenor10-20Y Settlement Clean price97.65 Dirty price97.99 Accrued interest0.342 Settlement date2026-08-20 Relative value Div (bps)-5.3 Δ Div-7.2 Bench5.54% OIS %4.89% OIS spr+59.5 Running5.38% Bid / Offer97.50 / 97.79 Bid / Offer (dirty)97.84 / 98.13 Holding-period return Consideration£97,645.00 Accrued interest£287.67 Maturity income£45,549.86 Capital gain£2,355.00 Total costs£299.62 Net return£47,605.24 Effective rate3.29% Implied rate5.62% Bid / offer (dirty)97.84 / 98.13 Tax bands 0%net 5.48% · tax-eq 5.48% · rank 27 20%net 4.41% · tax-eq 5.51% · rank 38 40%net 3.34% · tax-eq 5.57% · rank 45 45%net 3.07% · tax-eq 5.59% · rank 45
	54	1¼ % Treasury Gilt 2041 GB00BJQWYH73 · Long	1.25%	2041-10-22	10-20Y	56.60▲ +0.11%	0.423120d	5.51%▼ -1.1bps	4.79%
Key metrics Gross yield5.51% DMO yield— Net yield4.79% Grossed-up yield7.99% Curve spread-8.1 Years to maturity15.17y Modified duration12.84 DV010.0732 Bond Issue date2020-01-22 Maturity date2041-10-22 Ex-dividend date2026-10-13 Next coupon2026-10-22 Coupon1.25% Tenor10-20Y Settlement Clean price56.60 Dirty price57.02 Accrued interest0.423 Settlement date2026-08-20 Relative value Div (bps)-8.1 Δ Div-10.1 Bench5.59% OIS %4.92% OIS spr+58.3 Running2.21% Bid / Offer56.45 / 56.74 Bid / Offer (dirty)56.87 / 57.16 Holding-period return Consideration£56,595.00 Accrued interest£410.96 Maturity income£11,387.67 Capital gain£43,405.00 Total costs£422.91 Net return£54,369.76 Effective rate3.58% Implied rate10.55% Bid / offer (dirty)56.87 / 57.16 Tax bands 0%net 5.51% · tax-eq 5.51% · rank 25 20%net 5.15% · tax-eq 6.43% · rank 10 40%net 4.79% · tax-eq 7.99% · rank 7 45%net 4.70% · tax-eq 8.55% · rank 6
	52	4½% Treasury Gilt 2042 GB00B1VWPJ53 · Long	4.50%	2042-12-07	10-20Y	88.45▲ +0.08%	0.95974d	5.58%▼ -1.2bps	3.61%
Key metrics Gross yield5.58% DMO yield— Net yield3.61% Grossed-up yield6.02% Curve spread-7.5 Years to maturity16.30y Modified duration10.97 DV010.0981 Bond Issue date2007-06-06 Maturity date2042-12-07 Ex-dividend date2026-11-26 Next coupon2026-12-07 Coupon4.50% Tenor10-20Y Settlement Clean price88.45 Dirty price89.41 Accrued interest0.959 Settlement date2026-08-20 Relative value Div (bps)-7.5 Δ Div-9.5 Bench5.66% OIS %4.97% OIS spr+61.1 Running5.09% Bid / Offer88.25 / 88.64 Bid / Offer (dirty)89.21 / 89.60 Holding-period return Consideration£88,445.00 Accrued interest£912.33 Maturity income£44,035.89 Capital gain£11,555.00 Total costs£924.28 Net return£54,666.61 Effective rate3.35% Implied rate6.32% Bid / offer (dirty)89.21 / 89.60 Tax bands 0%net 5.58% · tax-eq 5.58% · rank 23 20%net 4.59% · tax-eq 5.74% · rank 31 40%net 3.61% · tax-eq 6.02% · rank 36 45%net 3.36% · tax-eq 6.12% · rank 38
	45	4¾% Treasury Gilt 2043 GB00BPJJKP77 · Long	4.75%	2043-10-22	10-20Y	90.15▲ +0.09%	1.609120d	5.65%▼ -1.4bps	3.57%
Key metrics Gross yield5.65% DMO yield— Net yield3.57% Grossed-up yield5.95% Curve spread-6.0 Years to maturity17.17y Modified duration11.11 DV010.1019 Bond Issue date2023-11-16 Maturity date2043-10-22 Ex-dividend date2026-10-13 Next coupon2026-10-22 Coupon4.75% Tenor10-20Y Settlement Clean price90.15 Dirty price91.76 Accrued interest1.609 Settlement date2026-08-20 Relative value Div (bps)-6.0 Δ Div-7.9 Bench5.71% OIS %5.01% OIS spr+64.1 Running5.27% Bid / Offer89.94 / 90.35 Bid / Offer (dirty)91.55 / 91.96 Holding-period return Consideration£90,145.00 Accrued interest£1,561.64 Maturity income£48,973.15 Capital gain£9,855.00 Total costs£1,573.59 Net return£57,254.56 Effective rate3.33% Implied rate6.16% Bid / offer (dirty)91.55 / 91.96 Tax bands 0%net 5.65% · tax-eq 5.65% · rank 22 20%net 4.61% · tax-eq 5.76% · rank 30 40%net 3.57% · tax-eq 5.95% · rank 38 45%net 3.31% · tax-eq 6.02% · rank 41
	40	3¼% Treasury Gilt 2044 GB00B84Z9V04 · Long	3.25%	2044-01-22	10-20Y	73.33▲ +0.10%	0.29129d	5.68%▼ -1.1bps	4.10%
Key metrics Gross yield5.68% DMO yield— Net yield4.10% Grossed-up yield6.83% Curve spread-4.4 Years to maturity17.42y Modified duration12.24 DV010.0901 Bond Issue date2012-10-24 Maturity date2044-01-22 Ex-dividend date2027-01-13 Next coupon2027-01-22 Coupon3.25% Tenor10-20Y Settlement Clean price73.33 Dirty price73.62 Accrued interest0.291 Settlement date2026-08-20 Relative value Div (bps)-4.4 Δ Div-6.6 Bench5.72% OIS %5.02% OIS spr+66.1 Running4.43% Bid / Offer73.15 / 73.51 Bid / Offer (dirty)73.44 / 73.80 Holding-period return Consideration£73,330.00 Accrued interest£258.22 Maturity income£33,999.45 Capital gain£26,670.00 Total costs£270.17 Net return£60,399.28 Effective rate3.46% Implied rate7.87% Bid / offer (dirty)73.44 / 73.80 Tax bands 0%net 5.68% · tax-eq 5.68% · rank 21 20%net 4.88% · tax-eq 6.10% · rank 13 40%net 4.10% · tax-eq 6.83% · rank 21 45%net 3.90% · tax-eq 7.09% · rank 23
	49	3½% Treasury Gilt 2045 GB00BN65R313 · Long	3.50%	2045-01-22	10-20Y	75.08▲ +0.09%	0.31429d	5.70%▼ -1.0bps	4.02%
Key metrics Gross yield5.70% DMO yield— Net yield4.02% Grossed-up yield6.69% Curve spread-7.0 Years to maturity18.43y Modified duration12.47 DV010.0940 Bond Issue date2014-06-25 Maturity date2045-01-22 Ex-dividend date2027-01-13 Next coupon2027-01-22 Coupon3.50% Tenor10-20Y Settlement Clean price75.08 Dirty price75.39 Accrued interest0.314 Settlement date2026-08-20 Relative value Div (bps)-7.0 Δ Div-9.3 Bench5.77% OIS %5.05% OIS spr+64.9 Running4.66% Bid / Offer74.89 / 75.26 Bid / Offer (dirty)75.20 / 75.57 Holding-period return Consideration£75,075.00 Accrued interest£278.08 Maturity income£38,720.55 Capital gain£24,925.00 Total costs£290.03 Net return£63,355.52 Effective rate3.44% Implied rate7.63% Bid / offer (dirty)75.20 / 75.57 Tax bands 0%net 5.70% · tax-eq 5.70% · rank 20 20%net 4.85% · tax-eq 6.07% · rank 17 40%net 4.02% · tax-eq 6.69% · rank 23 45%net 3.81% · tax-eq 6.92% · rank 25
	44	0 7/8% Treasury Gilt 2046 GB00BNNGP775 · Long	0.88%	2046-01-31	10-20Y	43.33▲ +0.10%	0.05720d	5.75%▼ -0.7bps	5.18%
Key metrics Gross yield5.75% DMO yield— Net yield5.18% Grossed-up yield8.64% Curve spread-5.6 Years to maturity19.45y Modified duration16.33 DV010.0708 Bond Issue date2021-01-20 Maturity date2046-01-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon0.88% Tenor10-20Y Settlement Clean price43.33 Dirty price43.39 Accrued interest0.057 Settlement date2026-08-20 Relative value Div (bps)-5.6 Δ Div-8.3 Bench5.81% OIS %5.08% OIS spr+67.4 Running2.02% Bid / Offer43.19 / 43.47 Bid / Offer (dirty)43.25 / 43.53 Holding-period return Consideration£43,330.00 Accrued interest£47.95 Maturity income£10,218.08 Capital gain£56,670.00 Total costs£59.90 Net return£66,828.19 Effective rate3.43% Implied rate13.21% Bid / offer (dirty)43.25 / 43.53 Tax bands 0%net 5.75% · tax-eq 5.75% · rank 16 20%net 5.47% · tax-eq 6.83% · rank 2 40%net 5.18% · tax-eq 8.64% · rank 2 45%net 5.11% · tax-eq 9.29% · rank 2
	60	4¼% Treasury Gilt 2046 GB00B128DP45 · Long	4.25%	2046-12-07	20Y+	82.35▲ +0.09%	0.90674d	5.73%▼ -1.1bps	3.77%
Key metrics Gross yield5.73% DMO yield— Net yield3.77% Grossed-up yield6.29% Curve spread-11.2 Years to maturity20.30y Modified duration12.56 DV010.1046 Bond Issue date2006-05-12 Maturity date2046-12-07 Ex-dividend date2026-11-26 Next coupon2026-12-07 Coupon4.25% Tenor20Y+ Settlement Clean price82.35 Dirty price83.26 Accrued interest0.906 Settlement date2026-08-20 Relative value Div (bps)-11.2 Δ Div-13.6 Bench5.84% OIS %5.10% OIS spr+62.6 Running5.16% Bid / Offer82.14 / 82.56 Bid / Offer (dirty)83.05 / 83.47 Holding-period return Consideration£82,350.00 Accrued interest£861.64 Maturity income£51,796.44 Capital gain£17,650.00 Total costs£873.59 Net return£68,572.84 Effective rate3.38% Implied rate6.83% Bid / offer (dirty)83.05 / 83.47 Tax bands 0%net 5.73% · tax-eq 5.73% · rank 18 20%net 4.75% · tax-eq 5.93% · rank 25 40%net 3.77% · tax-eq 6.29% · rank 31 45%net 3.53% · tax-eq 6.42% · rank 31
	46	1½% Treasury Gilt 2047 GB00BDCHBW80 · Long	1.50%	2047-07-22	20Y+	48.29▲ +0.08%	0.13529d	5.80%▼ -0.8bps	4.86%
Key metrics Gross yield5.80% DMO yield— Net yield4.86% Grossed-up yield8.10% Curve spread-6.2 Years to maturity20.92y Modified duration15.85 DV010.0767 Bond Issue date2016-09-21 Maturity date2047-07-22 Ex-dividend date2027-01-13 Next coupon2027-01-22 Coupon1.50% Tenor20Y+ Settlement Clean price48.29 Dirty price48.42 Accrued interest0.135 Settlement date2026-08-20 Relative value Div (bps)-6.2 Δ Div-9.0 Bench5.86% OIS %5.11% OIS spr+68.2 Running3.11% Bid / Offer48.14 / 48.44 Bid / Offer (dirty)48.27 / 48.57 Holding-period return Consideration£48,290.00 Accrued interest£119.18 Maturity income£18,840.82 Capital gain£51,710.00 Total costs£131.13 Net return£70,419.69 Effective rate3.36% Implied rate11.61% Bid / offer (dirty)48.27 / 48.57 Tax bands 0%net 5.80% · tax-eq 5.80% · rank 12 20%net 5.33% · tax-eq 6.66% · rank 5 40%net 4.86% · tax-eq 8.10% · rank 5 45%net 4.74% · tax-eq 8.63% · rank 5
	55	1¾% Treasury Gilt 2049 GB00BFWFPP71 · Long	1.75%	2049-01-22	20Y+	49.50▲ +0.12%	0.15729d	5.80%▼ -0.9bps	4.72%
Key metrics Gross yield5.80% DMO yield— Net yield4.72% Grossed-up yield7.86% Curve spread-9.1 Years to maturity22.43y Modified duration16.06 DV010.0798 Bond Issue date2018-09-12 Maturity date2049-01-22 Ex-dividend date2027-01-13 Next coupon2027-01-22 Coupon1.75% Tenor20Y+ Settlement Clean price49.50 Dirty price49.66 Accrued interest0.157 Settlement date2026-08-20 Relative value Div (bps)-9.1 Δ Div-11.9 Bench5.89% OIS %5.14% OIS spr+66.5 Running3.54% Bid / Offer49.34 / 49.66 Bid / Offer (dirty)49.50 / 49.82 Holding-period return Consideration£49,500.00 Accrued interest£139.04 Maturity income£23,563.15 Capital gain£50,500.00 Total costs£150.99 Net return£73,912.16 Effective rate3.29% Implied rate11.09% Bid / offer (dirty)49.50 / 49.82 Tax bands 0%net 5.80% · tax-eq 5.80% · rank 10 20%net 5.26% · tax-eq 6.57% · rank 7 40%net 4.72% · tax-eq 7.86% · rank 9 45%net 4.59% · tax-eq 8.34% · rank 10
	66	4¼% Treasury Gilt 2049 GB00B39R3707 · Long	4.25%	2049-12-07	20Y+	80.57▲ +0.09%	0.90674d	5.77%▼ -1.0bps	3.79%
Key metrics Gross yield5.77% DMO yield— Net yield3.79% Grossed-up yield6.31% Curve spread-13.8 Years to maturity23.30y Modified duration13.44 DV010.1095 Bond Issue date2008-09-03 Maturity date2049-12-07 Ex-dividend date2026-11-26 Next coupon2026-12-07 Coupon4.25% Tenor20Y+ Settlement Clean price80.57 Dirty price81.48 Accrued interest0.906 Settlement date2026-08-20 Relative value Div (bps)-13.8 Δ Div-16.5 Bench5.91% OIS %5.15% OIS spr+62.4 Running5.27% Bid / Offer80.35 / 80.79 Bid / Offer (dirty)81.26 / 81.70 Holding-period return Consideration£80,570.00 Accrued interest£861.64 Maturity income£59,453.42 Capital gain£19,430.00 Total costs£873.59 Net return£78,009.83 Effective rate3.35% Implied rate6.92% Bid / offer (dirty)81.26 / 81.70 Tax bands 0%net 5.77% · tax-eq 5.77% · rank 15 20%net 4.78% · tax-eq 5.97% · rank 24 40%net 3.79% · tax-eq 6.31% · rank 29 45%net 3.54% · tax-eq 6.44% · rank 29
	64	0 5/8% Treasury Gilt 2050 GB00BMBL1F74 · Long	0.63%	2050-10-22	20Y+	33.16▲ +0.11%	0.212120d	5.80%▼ -0.7bps	5.31%
Key metrics Gross yield5.80% DMO yield— Net yield5.31% Grossed-up yield8.85% Curve spread-12.1 Years to maturity24.17y Modified duration19.93 DV010.0665 Bond Issue date2020-06-10 Maturity date2050-10-22 Ex-dividend date2026-10-13 Next coupon2026-10-22 Coupon0.63% Tenor20Y+ Settlement Clean price33.16 Dirty price33.37 Accrued interest0.212 Settlement date2026-08-20 Relative value Div (bps)-12.1 Δ Div-15.3 Bench5.92% OIS %5.16% OIS spr+64.6 Running1.89% Bid / Offer33.02 / 33.29 Bid / Offer (dirty)33.23 / 33.50 Holding-period return Consideration£33,155.00 Accrued interest£205.48 Maturity income£9,070.89 Capital gain£66,845.00 Total costs£217.43 Net return£75,698.46 Effective rate3.13% Implied rate15.73% Bid / offer (dirty)33.23 / 33.50 Tax bands 0%net 5.80% · tax-eq 5.80% · rank 11 20%net 5.55% · tax-eq 6.94% · rank 1 40%net 5.31% · tax-eq 8.85% · rank 1 45%net 5.25% · tax-eq 9.54% · rank 1
	50	1¼% Treasury Gilt 2051 GB00BLH38158 · Long	1.25%	2051-07-31	20Y+	39.94▲ +0.10%	0.08220d	5.86%▼ -0.8bps	4.98%
Key metrics Gross yield5.86% DMO yield— Net yield4.98% Grossed-up yield8.30% Curve spread-7.1 Years to maturity24.94y Modified duration18.22 DV010.0729 Bond Issue date2021-04-28 Maturity date2051-07-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon1.25% Tenor20Y+ Settlement Clean price39.94 Dirty price40.02 Accrued interest0.082 Settlement date2026-08-20 Relative value Div (bps)-7.1 Δ Div-10.3 Bench5.93% OIS %5.16% OIS spr+70.0 Running3.13% Bid / Offer39.79 / 40.08 Bid / Offer (dirty)39.87 / 40.16 Holding-period return Consideration£39,935.00 Accrued interest£68.49 Maturity income£18,721.23 Capital gain£60,065.00 Total costs£80.44 Net return£78,705.79 Effective rate3.15% Implied rate13.16% Bid / offer (dirty)39.87 / 40.16 Tax bands 0%net 5.86% · tax-eq 5.86% · rank 2 20%net 5.42% · tax-eq 6.77% · rank 3 40%net 4.98% · tax-eq 8.30% · rank 4 45%net 4.87% · tax-eq 8.85% · rank 4
	65	3¾% Treasury Gilt 2052 GB00B6RNH572 · Long	3.75%	2052-07-22	20Y+	72.54▲ +0.11%	0.33629d	5.81%▼ -1.1bps	3.94%
Key metrics Gross yield5.81% DMO yield— Net yield3.94% Grossed-up yield6.57% Curve spread-12.9 Years to maturity25.92y Modified duration14.57 DV010.1062 Bond Issue date2011-09-28 Maturity date2052-07-22 Ex-dividend date2027-01-13 Next coupon2027-01-22 Coupon3.75% Tenor20Y+ Settlement Clean price72.54 Dirty price72.88 Accrued interest0.336 Settlement date2026-08-20 Relative value Div (bps)-12.9 Δ Div-15.9 Bench5.94% OIS %5.16% OIS spr+64.9 Running5.17% Bid / Offer72.33 / 72.75 Bid / Offer (dirty)72.67 / 73.09 Holding-period return Consideration£72,540.00 Accrued interest£297.95 Maturity income£58,364.38 Capital gain£27,460.00 Total costs£309.90 Net return£85,514.49 Effective rate3.30% Implied rate7.57% Bid / offer (dirty)72.67 / 73.09 Tax bands 0%net 5.81% · tax-eq 5.81% · rank 9 20%net 4.87% · tax-eq 6.09% · rank 15 40%net 3.94% · tax-eq 6.57% · rank 26 45%net 3.71% · tax-eq 6.75% · rank 26
	53	1½% Green Gilt 2053 GB00BM8Z2V59 · Long	1.50%	2053-07-31	20Y+	41.23▲ +0.12%	0.09820d	5.87%▼ -0.9bps	4.81%
Key metrics Gross yield5.87% DMO yield— Net yield4.81% Grossed-up yield8.02% Curve spread-7.6 Years to maturity26.95y Modified duration18.26 DV010.0755 Bond Issue date2021-10-22 Maturity date2053-07-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon1.50% Tenor20Y+ Settlement Clean price41.23 Dirty price41.33 Accrued interest0.098 Settlement date2026-08-20 Relative value Div (bps)-7.6 Δ Div-10.8 Bench5.94% OIS %5.16% OIS spr+70.5 Running3.64% Bid / Offer41.08 / 41.38 Bid / Offer (dirty)41.18 / 41.48 Holding-period return Consideration£41,230.00 Accrued interest£82.19 Maturity income£24,267.95 Capital gain£58,770.00 Total costs£94.14 Net return£82,943.80 Effective rate3.08% Implied rate12.43% Bid / offer (dirty)41.18 / 41.48 Tax bands 0%net 5.87% · tax-eq 5.87% · rank 1 20%net 5.33% · tax-eq 6.67% · rank 4 40%net 4.81% · tax-eq 8.02% · rank 6 45%net 4.68% · tax-eq 8.51% · rank 7
	59	3¾% Treasury Gilt 2053 GB00BPCJD997 · Long	3.75%	2053-10-22	20Y+	71.70▲ +0.12%	1.270120d	5.84%▼ -1.2bps	3.92%
Key metrics Gross yield5.84% DMO yield— Net yield3.92% Grossed-up yield6.53% Curve spread-10.6 Years to maturity27.17y Modified duration14.64 DV010.1068 Bond Issue date2023-01-25 Maturity date2053-10-22 Ex-dividend date2026-10-13 Next coupon2026-10-22 Coupon3.75% Tenor20Y+ Settlement Clean price71.70 Dirty price72.97 Accrued interest1.270 Settlement date2026-08-20 Relative value Div (bps)-10.6 Δ Div-13.5 Bench5.94% OIS %5.16% OIS spr+67.5 Running5.23% Bid / Offer71.49 / 71.91 Bid / Offer (dirty)72.76 / 73.18 Holding-period return Consideration£71,700.00 Accrued interest£1,232.88 Maturity income£61,181.51 Capital gain£28,300.00 Total costs£1,244.83 Net return£88,236.68 Effective rate3.24% Implied rate7.54% Bid / offer (dirty)72.76 / 73.18 Tax bands 0%net 5.84% · tax-eq 5.84% · rank 5 20%net 4.87% · tax-eq 6.09% · rank 14 40%net 3.92% · tax-eq 6.53% · rank 27 45%net 3.68% · tax-eq 6.70% · rank 27
	58	4 3/8% Treasury Gilt 2054 GB00BPSNBB36 · Long	4.38%	2054-07-31	20Y+	79.93▲ +0.11%	0.28520d	5.84%▼ -1.1bps	3.79%
Key metrics Gross yield5.84% DMO yield— Net yield3.79% Grossed-up yield6.31% Curve spread-10.4 Years to maturity27.95y Modified duration14.50 DV010.1163 Bond Issue date2024-01-24 Maturity date2054-07-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon4.38% Tenor20Y+ Settlement Clean price79.93 Dirty price80.22 Accrued interest0.285 Settlement date2026-08-20 Relative value Div (bps)-10.4 Δ Div-13.4 Bench5.94% OIS %5.16% OIS spr+67.6 Running5.47% Bid / Offer79.69 / 80.16 Bid / Offer (dirty)79.98 / 80.45 Holding-period return Consideration£79,925.00 Accrued interest£239.73 Maturity income£73,406.51 Capital gain£20,075.00 Total costs£251.68 Net return£93,229.83 Effective rate3.33% Implied rate6.95% Bid / offer (dirty)79.98 / 80.45 Tax bands 0%net 5.84% · tax-eq 5.84% · rank 4 20%net 4.81% · tax-eq 6.01% · rank 18 40%net 3.79% · tax-eq 6.31% · rank 30 45%net 3.53% · tax-eq 6.43% · rank 30
	57	1 5/8% Treasury Gilt 2054 GB00BJLR0J16 · Long	1.63%	2054-10-22	20Y+	42.07▲ +0.14%	0.551120d	5.84%▼ -1.0bps	4.68%
Key metrics Gross yield5.84% DMO yield— Net yield4.68% Grossed-up yield7.81% Curve spread-9.9 Years to maturity28.17y Modified duration18.13 DV010.0773 Bond Issue date2019-05-15 Maturity date2054-10-22 Ex-dividend date2026-10-13 Next coupon2026-10-22 Coupon1.63% Tenor20Y+ Settlement Clean price42.07 Dirty price42.62 Accrued interest0.551 Settlement date2026-08-20 Relative value Div (bps)-9.9 Δ Div-13.1 Bench5.94% OIS %5.16% OIS spr+67.9 Running3.86% Bid / Offer41.91 / 42.22 Bid / Offer (dirty)42.46 / 42.77 Holding-period return Consideration£42,065.00 Accrued interest£534.25 Maturity income£27,486.99 Capital gain£57,935.00 Total costs£546.20 Net return£84,875.79 Effective rate3.01% Implied rate11.93% Bid / offer (dirty)42.46 / 42.77 Tax bands 0%net 5.84% · tax-eq 5.84% · rank 3 20%net 5.26% · tax-eq 6.57% · rank 8 40%net 4.68% · tax-eq 7.81% · rank 11 45%net 4.54% · tax-eq 8.26% · rank 11
	63	4¼% Treasury Gilt 2055 GB00B06YGN05 · Long	4.25%	2055-12-07	20Y+	78.06▲ +0.11%	0.90674d	5.81%▼ -1.1bps	3.77%
Key metrics Gross yield5.81% DMO yield— Net yield3.77% Grossed-up yield6.29% Curve spread-11.7 Years to maturity29.30y Modified duration14.76 DV010.1166 Bond Issue date2005-05-27 Maturity date2055-12-07 Ex-dividend date2026-11-26 Next coupon2026-12-07 Coupon4.25% Tenor20Y+ Settlement Clean price78.06 Dirty price78.97 Accrued interest0.906 Settlement date2026-08-20 Relative value Div (bps)-11.7 Δ Div-14.8 Bench5.93% OIS %5.16% OIS spr+65.4 Running5.44% Bid / Offer77.82 / 78.29 Bid / Offer (dirty)78.73 / 79.20 Holding-period return Consideration£78,055.00 Accrued interest£861.64 Maturity income£74,760.41 Capital gain£21,945.00 Total costs£873.59 Net return£95,831.82 Effective rate3.27% Implied rate6.98% Bid / offer (dirty)78.73 / 79.20 Tax bands 0%net 5.81% · tax-eq 5.81% · rank 8 20%net 4.79% · tax-eq 5.98% · rank 21 40%net 3.77% · tax-eq 6.29% · rank 32 45%net 3.52% · tax-eq 6.40% · rank 33
	61	5 3/8% Treasury Gilt 2056 ⚠ GB00BT7J0241 · Long	5.38%	2056-01-31	20Y+	93.74▲ +0.10%	0.35120d	5.82%▼ -1.0bps	3.56%
Key metrics Gross yield5.82% DMO yield— Net yield3.56% Grossed-up yield5.93% Curve spread-11.3 Years to maturity29.45y Modified duration14.19 DV010.1335 Bond Issue date2025-05-21 Maturity date2056-01-31 Ex-dividend date2027-01-21 Next coupon2027-01-31 Coupon5.38% Tenor20Y+ Settlement Clean price93.74 Dirty price94.09 Accrued interest0.351 Settlement date2026-08-20 Relative value Div (bps)-11.3 Δ Div-14.4 Bench5.93% OIS %5.16% OIS spr+65.7 Running5.73% Bid / Offer93.47 / 94.00 Bid / Offer (dirty)93.82 / 94.35 Holding-period return Consideration£93,735.00 Accrued interest£294.52 Maturity income£95,035.89 Capital gain£6,265.00 Total costs£306.47 Net return£100,994.42 Effective rate3.43% Implied rate6.09% Bid / offer (dirty)93.82 / 94.35 Tax bands 0%net 5.82% · tax-eq 5.82% · rank 6 20%net 4.69% · tax-eq 5.86% · rank 28 40%net 3.56% · tax-eq 5.93% · rank 40 45%net 3.28% · tax-eq 5.96% · rank 42
	56	1¾% Treasury Gilt 2057 GB00BD0XH204 · Long	1.75%	2057-07-22	20Y+	41.95▲ +0.14%	0.15729d	5.82%▼ -1.0bps	4.57%
Key metrics Gross yield5.82% DMO yield— Net yield4.57% Grossed-up yield7.62% Curve spread-9.6 Years to maturity30.92y Modified duration18.68 DV010.0786 Bond Issue date2017-01-25 Maturity date2057-07-22 Ex-dividend date2027-01-13 Next coupon2027-01-22 Coupon1.75% Tenor20Y+ Settlement Clean price41.95 Dirty price42.11 Accrued interest0.157 Settlement date2026-08-20 Relative value Div (bps)-9.6 Δ Div-12.8 Bench5.91% OIS %5.16% OIS spr+65.5 Running4.17% Bid / Offer41.79 / 42.10 Bid / Offer (dirty)41.95 / 42.26 Holding-period return Consideration£41,945.00 Accrued interest£139.04 Maturity income£32,489.59 Capital gain£58,055.00 Total costs£150.99 Net return£90,393.60 Effective rate2.92% Implied rate11.61% Bid / offer (dirty)41.95 / 42.26 Tax bands 0%net 5.82% · tax-eq 5.82% · rank 7 20%net 5.19% · tax-eq 6.48% · rank 9 40%net 4.57% · tax-eq 7.62% · rank 12 45%net 4.42% · tax-eq 8.03% · rank 12
	48	4% Treasury Gilt 2060 GB00B54QLM75 · Long	4.00%	2060-01-22	20Y+	73.61▲ +0.12%	0.35929d	5.79%▼ -1.0bps	3.79%
Key metrics Gross yield5.79% DMO yield— Net yield3.79% Grossed-up yield6.32% Curve spread-6.9 Years to maturity33.42y Modified duration15.75 DV010.1165 Bond Issue date2009-10-22 Maturity date2060-01-22 Ex-dividend date2027-01-13 Next coupon2027-01-22 Coupon4.00% Tenor20Y+ Settlement Clean price73.61 Dirty price73.97 Accrued interest0.359 Settlement date2026-08-20 Relative value Div (bps)-6.9 Δ Div-10.2 Bench5.86% OIS %5.16% OIS spr+63.1 Running5.43% Bid / Offer73.37 / 73.84 Bid / Offer (dirty)73.73 / 74.20 Holding-period return Consideration£73,605.00 Accrued interest£317.81 Maturity income£80,271.78 Capital gain£26,395.00 Total costs£329.76 Net return£106,337.02 Effective rate3.18% Implied rate7.20% Bid / offer (dirty)73.73 / 74.20 Tax bands 0%net 5.79% · tax-eq 5.79% · rank 13 20%net 4.78% · tax-eq 5.98% · rank 22 40%net 3.79% · tax-eq 6.32% · rank 28 45%net 3.54% · tax-eq 6.44% · rank 28
	69	0½% Treasury Gilt 2061 GB00BMBL1D50 · Long	0.50%	2061-10-22	20Y+	22.31▼ -0.04%	0.169120d	5.54%▲ +0.1bps	5.03%
Key metrics Gross yield5.54% DMO yield— Net yield5.03% Grossed-up yield8.38% Curve spread-26.8 Years to maturity35.17y Modified duration26.42 DV010.0594 Bond Issue date2020-05-20 Maturity date2061-10-22 Ex-dividend date2026-10-13 Next coupon2026-10-22 Coupon0.50% Tenor20Y+ Settlement Clean price22.31 Dirty price22.48 Accrued interest0.169 Settlement date2026-08-20 Relative value Div (bps)-26.8 Δ Div-31.2 Bench5.81% OIS %5.16% OIS spr+38.3 Running2.24% Bid / Offer22.19 / 22.43 Bid / Offer (dirty)22.36 / 22.60 Holding-period return Consideration£22,310.00 Accrued interest£164.38 Maturity income£10,559.18 Capital gain£77,690.00 Total costs£176.33 Net return£88,072.84 Effective rate2.50% Implied rate18.69% Bid / offer (dirty)22.36 / 22.60 Tax bands 0%net 5.54% · tax-eq 5.54% · rank 24 20%net 5.28% · tax-eq 6.60% · rank 6 40%net 5.03% · tax-eq 8.38% · rank 3 45%net 4.96% · tax-eq 9.02% · rank 3
	14	4% Treasury Gilt 2063 GB00BMF9LF76 · Long	4.00%	2063-10-22	20Y+	72.84▲ +0.10%	1.355120d	5.78%▼ -1.0bps	3.73%
Key metrics Gross yield5.78% DMO yield— Net yield3.73% Grossed-up yield6.21% Curve spread+4.1 Years to maturity37.17y Modified duration15.99 DV010.1187 Bond Issue date2023-05-17 Maturity date2063-10-22 Ex-dividend date2026-10-13 Next coupon2026-10-22 Coupon4.00% Tenor20Y+ Settlement Clean price72.84 Dirty price74.20 Accrued interest1.355 Settlement date2026-08-20 Relative value Div (bps)+4.1 Δ Div+0.7 Bench5.74% OIS %5.16% OIS spr+62.1 Running5.49% Bid / Offer72.60 / 73.07 Bid / Offer (dirty)73.96 / 74.43 Holding-period return Consideration£72,835.00 Accrued interest£1,315.07 Maturity income£89,273.42 Capital gain£27,165.00 Total costs£1,327.02 Net return£115,111.41 Effective rate3.09% Implied rate7.08% Bid / offer (dirty)73.96 / 74.43 Tax bands 0%net 5.78% · tax-eq 5.78% · rank 14 20%net 4.74% · tax-eq 5.93% · rank 26 40%net 3.73% · tax-eq 6.21% · rank 34 45%net 3.48% · tax-eq 6.32% · rank 35
	8	2½% Treasury Gilt 2065 GB00BYYMZX75 · Long	2.50%	2065-07-22	20Y+	49.84▲ +0.12%	0.22429d	5.73%▼ -0.9bps	4.08%
Key metrics Gross yield5.73% DMO yield— Net yield4.08% Grossed-up yield6.79% Curve spread+6.2 Years to maturity38.92y Modified duration18.24 DV010.0913 Bond Issue date2015-10-21 Maturity date2065-07-22 Ex-dividend date2027-01-13 Next coupon2027-01-22 Coupon2.50% Tenor20Y+ Settlement Clean price49.84 Dirty price50.06 Accrued interest0.224 Settlement date2026-08-20 Relative value Div (bps)+6.2 Δ Div+2.7 Bench5.67% OIS %5.16% OIS spr+57.1 Running5.02% Bid / Offer49.66 / 50.02 Bid / Offer (dirty)49.88 / 50.24 Holding-period return Consideration£49,840.00 Accrued interest£198.63 Maturity income£58,421.92 Capital gain£50,160.00 Total costs£210.58 Net return£108,371.34 Effective rate2.78% Implied rate9.30% Bid / offer (dirty)49.88 / 50.24 Tax bands 0%net 5.73% · tax-eq 5.73% · rank 17 20%net 4.89% · tax-eq 6.11% · rank 12 40%net 4.08% · tax-eq 6.79% · rank 22 45%net 3.88% · tax-eq 7.05% · rank 24
	3	3½% Treasury Gilt 2068 GB00BBJNQY21 · Long	3.50%	2068-07-22	20Y+	64.84▲ +0.10%	0.31429d	5.72%▼ -0.9bps	3.77%
Key metrics Gross yield5.72% DMO yield— Net yield3.77% Grossed-up yield6.28% Curve spread+9.6 Years to maturity41.92y Modified duration17.18 DV010.1119 Bond Issue date2013-06-26 Maturity date2068-07-22 Ex-dividend date2027-01-13 Next coupon2027-01-22 Coupon3.50% Tenor20Y+ Settlement Clean price64.84 Dirty price65.15 Accrued interest0.314 Settlement date2026-08-20 Relative value Div (bps)+9.6 Δ Div+6.1 Bench5.62% OIS %5.16% OIS spr+55.6 Running5.40% Bid / Offer64.61 / 65.06 Bid / Offer (dirty)64.92 / 65.37 Holding-period return Consideration£64,835.00 Accrued interest£278.08 Maturity income£88,096.44 Capital gain£35,165.00 Total costs£290.03 Net return£122,971.41 Effective rate2.93% Implied rate7.54% Bid / offer (dirty)64.92 / 65.37 Tax bands 0%net 5.72% · tax-eq 5.72% · rank 19 20%net 4.73% · tax-eq 5.91% · rank 27 40%net 3.77% · tax-eq 6.28% · rank 33 45%net 3.53% · tax-eq 6.42% · rank 32
	62	1 5/8% Treasury Gilt 2071 GB00BFMCN652 · Long	1.63%	2071-10-22	20Y+	35.56▲ +0.08%	0.551120d	5.51%▼ -0.6bps	4.12%
Key metrics Gross yield5.51% DMO yield— Net yield4.12% Grossed-up yield6.86% Curve spread-11.6 Years to maturity45.17y Modified duration20.95 DV010.0757 Bond Issue date2018-05-16 Maturity date2071-10-22 Ex-dividend date2026-10-13 Next coupon2026-10-22 Coupon1.63% Tenor20Y+ Settlement Clean price35.56 Dirty price36.11 Accrued interest0.551 Settlement date2026-08-20 Relative value Div (bps)-11.6 Δ Div-15.3 Bench5.62% OIS %5.16% OIS spr+34.5 Running4.57% Bid / Offer35.41 / 35.71 Bid / Offer (dirty)35.96 / 36.26 Holding-period return Consideration£35,560.00 Accrued interest£534.25 Maturity income£44,072.67 Capital gain£64,440.00 Total costs£546.20 Net return£107,966.47 Effective rate2.39% Implied rate11.19% Bid / offer (dirty)35.96 / 36.26 Tax bands 0%net 5.51% · tax-eq 5.51% · rank 26 20%net 4.79% · tax-eq 5.99% · rank 19 40%net 4.12% · tax-eq 6.86% · rank 19 45%net 3.95% · tax-eq 7.19% · rank 21
	68	1 1/8% Treasury Gilt 2073 GB00BLBDX619 · Long	1.13%	2073-10-22	20Y+	27.38▲ +0.07%	0.381120d	5.38%▼ -0.5bps	4.24%
Key metrics Gross yield5.38% DMO yield— Net yield4.24% Grossed-up yield7.07% Curve spread-24.4 Years to maturity47.17y Modified duration23.58 DV010.0655 Bond Issue date2022-02-09 Maturity date2073-10-22 Ex-dividend date2026-10-13 Next coupon2026-10-22 Coupon1.13% Tenor20Y+ Settlement Clean price27.38 Dirty price27.76 Accrued interest0.381 Settlement date2026-08-20 Relative value Div (bps)-24.4 Δ Div-28.2 Bench5.62% OIS %5.16% OIS spr+21.6 Running4.11% Bid / Offer27.25 / 27.51 Bid / Offer (dirty)27.63 / 27.89 Holding-period return Consideration£27,380.00 Accrued interest£369.86 Maturity income£31,863.70 Capital gain£72,620.00 Total costs£381.81 Net return£104,101.89 Effective rate2.21% Implied rate13.42% Bid / offer (dirty)27.63 / 27.89 Tax bands 0%net 5.38% · tax-eq 5.38% · rank 31 20%net 4.79% · tax-eq 5.99% · rank 20 40%net 4.24% · tax-eq 7.07% · rank 17 45%net 4.11% · tax-eq 7.46% · rank 18
	28	1¼% Index-linked Treasury Gilt 2027 GB00B128DH60 · — · index-linked	1.25%	2027-11-22	0-2Y	101.43—	0.30690d	0.11%—	-0.48%
Key metrics Gross yield0.11% DMO yield— Net yield-0.48% Grossed-up yield-0.80% Curve spread-2.1 Years to maturity1.26y Modified duration1.25 DV010.0127 Bond Issue date2006-04-26 Maturity date2027-11-22 Ex-dividend date2026-11-12 Next coupon2026-11-22 Coupon1.25% Tenor0-2Y Settlement Clean price101.43 Dirty price101.74 Accrued interest0.306 Settlement date2026-08-20 Relative value Div (bps)-2.1 Δ Div— Bench0.13% OIS %— OIS spr— Running1.23% Bid / Offer101.41 / 101.44 Bid / Offer (dirty)218.17 / 218.23 Holding-period return Consideration£101,425.00 Accrued interest£308.22 Maturity income£943.15 Capital gain£-1,425.00 Total costs£320.17 Net return£-802.02 Effective rate-0.64% Implied rate-1.05% Bid / offer (dirty)218.17 / 218.23 Tax bands 0%net 0.11% · tax-eq 0.11% · rank 32 20%net -0.18% · tax-eq -0.23% · rank 32 40%net -0.48% · tax-eq -0.80% · rank 32 45%net -0.55% · tax-eq -1.00% · rank 32
	2	0 1/8% Index-linked Treasury Gilt 2028 GB00BZ1NTB69 · — · index-linked	0.13%	2028-08-10	0-2Y	99.82—	0.00310d	0.22%—	0.17%
Key metrics Gross yield0.22% DMO yield— Net yield0.17% Grossed-up yield0.28% Curve spread+8.2 Years to maturity1.97y Modified duration1.97 DV010.0197 Bond Issue date2018-06-21 Maturity date2028-08-10 Ex-dividend date2027-02-01 Next coupon2027-02-10 Coupon0.13% Tenor0-2Y Settlement Clean price99.82 Dirty price99.82 Accrued interest0.003 Settlement date2026-08-20 Relative value Div (bps)+8.2 Δ Div— Bench0.13% OIS %— OIS spr— Running0.13% Bid / Offer99.79 / 99.85 Bid / Offer (dirty)148.74 / 148.83 Holding-period return Consideration£99,820.00 Accrued interest£3.42 Maturity income£148.15 Capital gain£180.00 Total costs£15.37 Net return£312.78 Effective rate0.16% Implied rate0.26% Bid / offer (dirty)148.74 / 148.83 Tax bands 0%net 0.22% · tax-eq 0.22% · rank 31 20%net 0.19% · tax-eq 0.24% · rank 31 40%net 0.17% · tax-eq 0.28% · rank 31 45%net 0.16% · tax-eq 0.29% · rank 31
	1	0 1/8% Index-linked Treasury Gilt 2029 GB00B3Y1JG82 · — · index-linked	0.13%	2029-03-22	2-5Y	98.77—	0.051151d	0.60%—	0.55%
Key metrics Gross yield0.60% DMO yield— Net yield0.55% Grossed-up yield0.91% Curve spread+27.5 Years to maturity2.59y Modified duration2.58 DV010.0255 Bond Issue date2011-11-23 Maturity date2029-03-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon0.13% Tenor2-5Y Settlement Clean price98.77 Dirty price98.82 Accrued interest0.051 Settlement date2026-08-20 Relative value Div (bps)+27.5 Δ Div— Bench0.33% OIS %— OIS spr— Running0.13% Bid / Offer98.73 / 98.81 Bid / Offer (dirty)173.16 / 173.30 Holding-period return Consideration£98,770.00 Accrued interest£51.71 Maturity income£194.18 Capital gain£1,230.00 Total costs£63.66 Net return£1,360.52 Effective rate0.53% Implied rate0.89% Bid / offer (dirty)173.16 / 173.30 Tax bands 0%net 0.60% · tax-eq 0.60% · rank 30 20%net 0.58% · tax-eq 0.72% · rank 30 40%net 0.55% · tax-eq 0.91% · rank 30 45%net 0.54% · tax-eq 0.98% · rank 30
	31	0 1/8% Index-linked Treasury Gilt 2031 GB00BNNGP551 · — · index-linked	0.13%	2031-08-10	2-5Y	96.20—	0.00310d	0.91%—	0.86%
Key metrics Gross yield0.91% DMO yield— Net yield0.86% Grossed-up yield1.43% Curve spread-8.8 Years to maturity4.97y Modified duration4.94 DV010.0475 Bond Issue date2021-01-28 Maturity date2031-08-10 Ex-dividend date2027-02-01 Next coupon2027-02-10 Coupon0.13% Tenor2-5Y Settlement Clean price96.20 Dirty price96.20 Accrued interest0.003 Settlement date2026-08-20 Relative value Div (bps)-8.8 Δ Div— Bench1.00% OIS %— OIS spr— Running0.13% Bid / Offer96.13 / 96.27 Bid / Offer (dirty)136.27 / 136.47 Holding-period return Consideration£96,200.00 Accrued interest£3.42 Maturity income£373.15 Capital gain£3,800.00 Total costs£15.37 Net return£4,157.78 Effective rate0.84% Implied rate1.45% Bid / offer (dirty)136.27 / 136.47 Tax bands 0%net 0.91% · tax-eq 0.91% · rank 29 20%net 0.88% · tax-eq 1.10% · rank 29 40%net 0.86% · tax-eq 1.43% · rank 28 45%net 0.85% · tax-eq 1.55% · rank 28
	30	1¼% Index-linked Treasury Gilt 2032 GB00B3D4VD98 · — · index-linked	1.25%	2032-11-22	5-10Y	100.21—	0.30690d	1.21%—	0.70%
Key metrics Gross yield1.21% DMO yield— Net yield0.70% Grossed-up yield1.16% Curve spread-5.1 Years to maturity6.26y Modified duration5.98 DV010.0601 Bond Issue date2008-10-29 Maturity date2032-11-22 Ex-dividend date2026-11-12 Next coupon2026-11-22 Coupon1.25% Tenor5-10Y Settlement Clean price100.21 Dirty price100.52 Accrued interest0.306 Settlement date2026-08-20 Relative value Div (bps)-5.1 Δ Div— Bench1.27% OIS %— OIS spr— Running1.25% Bid / Offer100.12 / 100.30 Bid / Offer (dirty)192.52 / 192.86 Holding-period return Consideration£100,210.00 Accrued interest£308.22 Maturity income£4,697.26 Capital gain£-210.00 Total costs£320.17 Net return£4,167.09 Effective rate0.67% Implied rate1.11% Bid / offer (dirty)192.52 / 192.86 Tax bands 0%net 1.21% · tax-eq 1.21% · rank 28 20%net 0.96% · tax-eq 1.19% · rank 28 40%net 0.70% · tax-eq 1.16% · rank 29 45%net 0.63% · tax-eq 1.15% · rank 29
	25	0¾% Index-linked Treasury Gilt 2033 GB00BMF9LJ15 · — · index-linked	0.75%	2033-11-22	5-10Y	95.29—	0.18390d	1.44%—	1.12%
Key metrics Gross yield1.44% DMO yield— Net yield1.12% Grossed-up yield1.86% Curve spread-1.2 Years to maturity7.26y Modified duration7.01 DV010.0669 Bond Issue date2023-06-28 Maturity date2033-11-22 Ex-dividend date2026-11-12 Next coupon2026-11-22 Coupon0.75% Tenor5-10Y Settlement Clean price95.29 Dirty price95.47 Accrued interest0.183 Settlement date2026-08-20 Relative value Div (bps)-1.2 Δ Div— Bench1.45% OIS %— OIS spr— Running0.79% Bid / Offer95.16 / 95.42 Bid / Offer (dirty)106.61 / 106.90 Holding-period return Consideration£95,290.00 Accrued interest£184.93 Maturity income£3,268.36 Capital gain£4,710.00 Total costs£196.88 Net return£7,781.47 Effective rate1.07% Implied rate1.87% Bid / offer (dirty)106.61 / 106.90 Tax bands 0%net 1.44% · tax-eq 1.44% · rank 27 20%net 1.28% · tax-eq 1.60% · rank 27 40%net 1.12% · tax-eq 1.86% · rank 27 45%net 1.08% · tax-eq 1.96% · rank 27
	4	0¾% Index-linked Treasury Gilt 2034 GB00B46CGH68 · — · index-linked	0.75%	2034-03-22	5-10Y	94.16—	0.308151d	1.57%—	1.24%
Key metrics Gross yield1.57% DMO yield— Net yield1.24% Grossed-up yield2.07% Curve spread+6.7 Years to maturity7.59y Modified duration7.30 DV010.0690 Bond Issue date2011-05-25 Maturity date2034-03-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon0.75% Tenor5-10Y Settlement Clean price94.16 Dirty price94.47 Accrued interest0.308 Settlement date2026-08-20 Relative value Div (bps)+6.7 Δ Div— Bench1.50% OIS %— OIS spr— Running0.80% Bid / Offer94.02 / 94.30 Bid / Offer (dirty)169.06 / 169.57 Holding-period return Consideration£94,160.00 Accrued interest£310.27 Maturity income£3,416.30 Capital gain£5,840.00 Total costs£322.22 Net return£8,934.08 Effective rate1.18% Implied rate2.08% Bid / offer (dirty)169.06 / 169.57 Tax bands 0%net 1.57% · tax-eq 1.57% · rank 26 20%net 1.41% · tax-eq 1.76% · rank 26 40%net 1.24% · tax-eq 2.07% · rank 26 45%net 1.20% · tax-eq 2.18% · rank 26
	10	1 1/8% Index-linked Treasury Gilt 2035 GB00BT7HZZ68 · — · index-linked	1.13%	2035-09-22	5-10Y	94.76—	0.462151d	1.75%—	1.27%
Key metrics Gross yield1.75% DMO yield— Net yield1.27% Grossed-up yield2.11% Curve spread+2.6 Years to maturity9.09y Modified duration8.53 DV010.0813 Bond Issue date2025-01-29 Maturity date2035-09-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon1.13% Tenor5-10Y Settlement Clean price94.76 Dirty price95.22 Accrued interest0.462 Settlement date2026-08-20 Relative value Div (bps)+2.6 Δ Div— Bench1.72% OIS %— OIS spr— Running1.19% Bid / Offer94.60 / 94.92 Bid / Offer (dirty)101.23 / 101.57 Holding-period return Consideration£94,760.00 Accrued interest£465.41 Maturity income£6,139.73 Capital gain£5,240.00 Total costs£477.36 Net return£10,902.37 Effective rate1.20% Implied rate2.11% Bid / offer (dirty)101.23 / 101.57 Tax bands 0%net 1.75% · tax-eq 1.75% · rank 25 20%net 1.51% · tax-eq 1.89% · rank 25 40%net 1.27% · tax-eq 2.11% · rank 25 45%net 1.20% · tax-eq 2.19% · rank 25
	12	0 1/8% Index-linked Treasury Gilt 2036 GB00BYZW3J87 · — · index-linked	0.13%	2036-11-22	10-20Y	83.60—	0.03190d	1.89%—	1.84%
Key metrics Gross yield1.89% DMO yield— Net yield1.84% Grossed-up yield3.06% Curve spread+2.1 Years to maturity10.26y Modified duration10.09 DV010.0844 Bond Issue date2016-03-11 Maturity date2036-11-22 Ex-dividend date2026-11-12 Next coupon2026-11-22 Coupon0.13% Tenor10-20Y Settlement Clean price83.60 Dirty price83.63 Accrued interest0.031 Settlement date2026-08-20 Relative value Div (bps)+2.1 Δ Div— Bench1.87% OIS %— OIS spr— Running0.15% Bid / Offer83.43 / 83.77 Bid / Offer (dirty)133.59 / 134.13 Holding-period return Consideration£83,600.00 Accrued interest£30.82 Maturity income£769.93 Capital gain£16,400.00 Total costs£42.77 Net return£17,127.16 Effective rate1.67% Implied rate3.33% Bid / offer (dirty)133.59 / 134.13 Tax bands 0%net 1.89% · tax-eq 1.89% · rank 24 20%net 1.86% · tax-eq 2.33% · rank 22 40%net 1.84% · tax-eq 3.06% · rank 21 45%net 1.83% · tax-eq 3.32% · rank 21
	17	1 1/8% Index-linked Treasury Gilt 2037 GB00B1L6W962 · — · index-linked	1.13%	2037-11-22	10-20Y	91.30—	0.27590d	1.99%—	1.51%
Key metrics Gross yield1.99% DMO yield— Net yield1.51% Grossed-up yield2.51% Curve spread+1.2 Years to maturity11.26y Modified duration10.43 DV010.0955 Bond Issue date2007-02-21 Maturity date2037-11-22 Ex-dividend date2026-11-12 Next coupon2026-11-22 Coupon1.13% Tenor10-20Y Settlement Clean price91.30 Dirty price91.58 Accrued interest0.275 Settlement date2026-08-20 Relative value Div (bps)+1.2 Δ Div— Bench1.98% OIS %— OIS spr— Running1.23% Bid / Offer91.10 / 91.49 Bid / Offer (dirty)188.06 / 188.87 Holding-period return Consideration£91,295.00 Accrued interest£277.40 Maturity income£7,604.38 Capital gain£8,705.00 Total costs£289.35 Net return£16,020.04 Effective rate1.42% Implied rate2.60% Bid / offer (dirty)188.06 / 188.87 Tax bands 0%net 1.99% · tax-eq 1.99% · rank 22 20%net 1.75% · tax-eq 2.19% · rank 23 40%net 1.51% · tax-eq 2.51% · rank 23 45%net 1.45% · tax-eq 2.63% · rank 23
	14	1¾% Index-linked Treasury Gilt 2038 GB00BMY62Z61 · — · index-linked	1.75%	2038-09-22	10-20Y	96.51—	0.718151d	2.08%—	1.34%
Key metrics Gross yield2.08% DMO yield— Net yield1.34% Grossed-up yield2.23% Curve spread+1.7 Years to maturity12.09y Modified duration10.73 DV010.1043 Bond Issue date2025-06-11 Maturity date2038-09-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon1.75% Tenor10-20Y Settlement Clean price96.51 Dirty price97.23 Accrued interest0.718 Settlement date2026-08-20 Relative value Div (bps)+1.7 Δ Div— Bench2.06% OIS %— OIS spr— Running1.81% Bid / Offer96.30 / 96.72 Bid / Offer (dirty)101.57 / 102.01 Holding-period return Consideration£96,510.00 Accrued interest£723.97 Maturity income£12,703.56 Capital gain£3,490.00 Total costs£735.92 Net return£15,457.64 Effective rate1.28% Implied rate2.21% Bid / offer (dirty)101.57 / 102.01 Tax bands 0%net 2.08% · tax-eq 2.08% · rank 21 20%net 1.71% · tax-eq 2.13% · rank 24 40%net 1.34% · tax-eq 2.23% · rank 24 45%net 1.25% · tax-eq 2.26% · rank 24
	3	0 1/8% Index-linked Treasury Gilt 2039 GB00BLH38265 · — · index-linked	0.13%	2039-03-22	10-20Y	77.45—	0.051151d	2.18%—	2.12%
Key metrics Gross yield2.18% DMO yield— Net yield2.12% Grossed-up yield3.54% Curve spread+7.9 Years to maturity12.59y Modified duration12.33 DV010.0956 Bond Issue date2021-05-26 Maturity date2039-03-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon0.13% Tenor10-20Y Settlement Clean price77.45 Dirty price77.50 Accrued interest0.051 Settlement date2026-08-20 Relative value Div (bps)+7.9 Δ Div— Bench2.10% OIS %— OIS spr— Running0.16% Bid / Offer77.26 / 77.64 Bid / Offer (dirty)108.44 / 108.97 Holding-period return Consideration£77,450.00 Accrued interest£51.71 Maturity income£944.59 Capital gain£22,550.00 Total costs£63.66 Net return£23,430.93 Effective rate1.86% Implied rate4.00% Bid / offer (dirty)108.44 / 108.97 Tax bands 0%net 2.18% · tax-eq 2.18% · rank 20 20%net 2.15% · tax-eq 2.69% · rank 18 40%net 2.12% · tax-eq 3.54% · rank 15 45%net 2.12% · tax-eq 3.85% · rank 14
	5	0 5/8% Index-linked Treasury Gilt 2040 GB00B3LZBF68 · — · index-linked	0.63%	2040-03-22	10-20Y	81.13—	0.256151d	2.24%—	1.95%
Key metrics Gross yield2.24% DMO yield— Net yield1.95% Grossed-up yield3.26% Curve spread+5.8 Years to maturity13.59y Modified duration12.79 DV010.1041 Bond Issue date2010-01-28 Maturity date2040-03-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon0.63% Tenor10-20Y Settlement Clean price81.13 Dirty price81.39 Accrued interest0.256 Settlement date2026-08-20 Relative value Div (bps)+5.8 Δ Div— Bench2.19% OIS %— OIS spr— Running0.77% Bid / Offer80.92 / 81.34 Bid / Offer (dirty)156.05 / 156.85 Holding-period return Consideration£81,130.00 Accrued interest£258.56 Maturity income£5,098.97 Capital gain£18,870.00 Total costs£270.51 Net return£23,698.46 Effective rate1.74% Implied rate3.58% Bid / offer (dirty)156.05 / 156.85 Tax bands 0%net 2.24% · tax-eq 2.24% · rank 19 20%net 2.10% · tax-eq 2.62% · rank 20 40%net 1.95% · tax-eq 3.26% · rank 17 45%net 1.92% · tax-eq 3.49% · rank 17
	21	0 1/8% Index-linked Treasury Gilt 2041 GB00BGDYHF49 · — · index-linked	0.13%	2041-08-10	10-20Y	72.72—	0.00310d	2.29%—	2.23%
Key metrics Gross yield2.29% DMO yield— Net yield2.23% Grossed-up yield3.71% Curve spread+0.7 Years to maturity14.97y Modified duration14.64 DV010.1065 Bond Issue date2018-07-12 Maturity date2041-08-10 Ex-dividend date2027-02-01 Next coupon2027-02-10 Coupon0.13% Tenor10-20Y Settlement Clean price72.72 Dirty price72.72 Accrued interest0.003 Settlement date2026-08-20 Relative value Div (bps)+0.7 Δ Div— Bench2.28% OIS %— OIS spr— Running0.17% Bid / Offer72.50 / 72.93 Bid / Offer (dirty)107.75 / 108.39 Holding-period return Consideration£72,715.00 Accrued interest£3.42 Maturity income£1,123.77 Capital gain£27,285.00 Total costs£15.37 Net return£28,393.39 Effective rate1.89% Implied rate4.34% Bid / offer (dirty)107.75 / 108.39 Tax bands 0%net 2.29% · tax-eq 2.29% · rank 17 20%net 2.26% · tax-eq 2.82% · rank 13 40%net 2.23% · tax-eq 3.71% · rank 10 45%net 2.22% · tax-eq 4.04% · rank 10
	22	0 5/8% Index-linked Treasury Gilt 2042 GB00B3MYD345 · — · index-linked	0.63%	2042-11-22	10-20Y	76.70—	0.15390d	2.36%—	2.07%
Key metrics Gross yield2.36% DMO yield— Net yield2.07% Grossed-up yield3.44% Curve spread+0.6 Years to maturity16.26y Modified duration15.13 DV010.1163 Bond Issue date2009-07-24 Maturity date2042-11-22 Ex-dividend date2026-11-12 Next coupon2026-11-22 Coupon0.63% Tenor10-20Y Settlement Clean price76.70 Dirty price76.85 Accrued interest0.153 Settlement date2026-08-20 Relative value Div (bps)+0.6 Δ Div— Bench2.35% OIS %— OIS spr— Running0.81% Bid / Offer76.47 / 76.93 Bid / Offer (dirty)150.11 / 151.01 Holding-period return Consideration£76,700.00 Accrued interest£154.11 Maturity income£6,100.68 Capital gain£23,300.00 Total costs£166.06 Net return£29,234.63 Effective rate1.80% Implied rate3.90% Bid / offer (dirty)150.11 / 151.01 Tax bands 0%net 2.36% · tax-eq 2.36% · rank 15 20%net 2.21% · tax-eq 2.77% · rank 17 40%net 2.07% · tax-eq 3.44% · rank 16 45%net 2.03% · tax-eq 3.69% · rank 16
	6	0 1/8% Index-linked Treasury Gilt 2044 GB00B7RN0G65 · — · index-linked	0.13%	2044-03-22	10-20Y	66.78—	0.051151d	2.46%—	2.40%
Key metrics Gross yield2.46% DMO yield— Net yield2.40% Grossed-up yield4.00% Curve spread+4.9 Years to maturity17.59y Modified duration17.12 DV010.1144 Bond Issue date2012-07-25 Maturity date2044-03-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon0.13% Tenor10-20Y Settlement Clean price66.78 Dirty price66.83 Accrued interest0.051 Settlement date2026-08-20 Relative value Div (bps)+4.9 Δ Div— Bench2.41% OIS %— OIS spr— Running0.19% Bid / Offer66.55 / 67.01 Bid / Offer (dirty)114.34 / 115.13 Holding-period return Consideration£66,780.00 Accrued interest£51.71 Maturity income£1,320.00 Capital gain£33,220.00 Total costs£63.66 Net return£34,476.34 Effective rate1.96% Implied rate4.89% Bid / offer (dirty)114.34 / 115.13 Tax bands 0%net 2.46% · tax-eq 2.46% · rank 13 20%net 2.43% · tax-eq 3.04% · rank 7 40%net 2.40% · tax-eq 4.00% · rank 6 45%net 2.39% · tax-eq 4.35% · rank 6
	9	0 5/8% Index-linked Treasury Gilt 2045 GB00BMF9LH90 · — · index-linked	0.63%	2045-03-22	10-20Y	72.41—	0.256151d	2.49%—	2.18%
Key metrics Gross yield2.49% DMO yield— Net yield2.18% Grossed-up yield3.64% Curve spread+3.6 Years to maturity18.59y Modified duration17.07 DV010.1240 Bond Issue date2023-04-27 Maturity date2045-03-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon0.63% Tenor10-20Y Settlement Clean price72.41 Dirty price72.67 Accrued interest0.256 Settlement date2026-08-20 Relative value Div (bps)+3.6 Δ Div— Bench2.45% OIS %— OIS spr— Running0.86% Bid / Offer72.16 / 72.66 Bid / Offer (dirty)82.82 / 83.39 Holding-period return Consideration£72,410.00 Accrued interest£258.56 Maturity income£6,975.00 Capital gain£27,590.00 Total costs£270.51 Net return£34,294.49 Effective rate1.84% Implied rate4.24% Bid / offer (dirty)82.82 / 83.39 Tax bands 0%net 2.49% · tax-eq 2.49% · rank 11 20%net 2.33% · tax-eq 2.92% · rank 10 40%net 2.18% · tax-eq 3.64% · rank 13 45%net 2.14% · tax-eq 3.90% · rank 13
	7	0 1/8% Index-linked Treasury Gilt 2046 GB00BYMWG366 · — · index-linked	0.13%	2046-03-22	10-20Y	63.08—	0.051151d	2.53%—	2.46%
Key metrics Gross yield2.53% DMO yield— Net yield2.46% Grossed-up yield4.10% Curve spread+4.2 Years to maturity19.59y Modified duration19.02 DV010.1201 Bond Issue date2015-06-24 Maturity date2046-03-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon0.13% Tenor10-20Y Settlement Clean price63.08 Dirty price63.13 Accrued interest0.051 Settlement date2026-08-20 Relative value Div (bps)+4.2 Δ Div— Bench2.48% OIS %— OIS spr— Running0.20% Bid / Offer62.84 / 63.32 Bid / Offer (dirty)101.54 / 102.31 Holding-period return Consideration£63,080.00 Accrued interest£51.71 Maturity income£1,470.00 Capital gain£36,920.00 Total costs£63.66 Net return£38,326.34 Effective rate1.96% Implied rate5.17% Bid / offer (dirty)101.54 / 102.31 Tax bands 0%net 2.53% · tax-eq 2.53% · rank 8 20%net 2.49% · tax-eq 3.12% · rank 4 40%net 2.46% · tax-eq 4.10% · rank 3 45%net 2.45% · tax-eq 4.46% · rank 3
	24	0¾% Index-linked Treasury Gilt 2047 GB00B24FFM16 · — · index-linked	0.75%	2047-11-22	20Y+	71.01—	0.18390d	2.52%—	2.15%
Key metrics Gross yield2.52% DMO yield— Net yield2.15% Grossed-up yield3.59% Curve spread-0.2 Years to maturity21.26y Modified duration19.01 DV010.1353 Bond Issue date2007-11-21 Maturity date2047-11-22 Ex-dividend date2026-11-12 Next coupon2026-11-22 Coupon0.75% Tenor20Y+ Settlement Clean price71.01 Dirty price71.19 Accrued interest0.183 Settlement date2026-08-20 Relative value Div (bps)-0.2 Δ Div— Bench2.52% OIS %— OIS spr— Running1.06% Bid / Offer70.74 / 71.28 Bid / Offer (dirty)142.09 / 143.17 Holding-period return Consideration£71,010.00 Accrued interest£184.93 Maturity income£9,572.05 Capital gain£28,990.00 Total costs£196.88 Net return£38,365.17 Effective rate1.80% Implied rate4.23% Bid / offer (dirty)142.09 / 143.17 Tax bands 0%net 2.52% · tax-eq 2.52% · rank 9 20%net 2.34% · tax-eq 2.92% · rank 9 40%net 2.15% · tax-eq 3.59% · rank 14 45%net 2.11% · tax-eq 3.83% · rank 15
	11	0 1/8% Index-linked Treasury Gilt 2048 GB00BZ13DV40 · — · index-linked	0.13%	2048-08-10	20Y+	59.29—	0.00310d	2.56%—	2.49%
Key metrics Gross yield2.56% DMO yield— Net yield2.49% Grossed-up yield4.15% Curve spread+2.4 Years to maturity21.97y Modified duration21.28 DV010.1262 Bond Issue date2017-11-08 Maturity date2048-08-10 Ex-dividend date2027-02-01 Next coupon2027-02-10 Coupon0.13% Tenor20Y+ Settlement Clean price59.29 Dirty price59.29 Accrued interest0.003 Settlement date2026-08-20 Relative value Div (bps)+2.4 Δ Div— Bench2.53% OIS %— OIS spr— Running0.21% Bid / Offer59.04 / 59.54 Bid / Offer (dirty)89.43 / 90.18 Holding-period return Consideration£59,290.00 Accrued interest£3.42 Maturity income£1,649.18 Capital gain£40,710.00 Total costs£15.37 Net return£42,343.80 Effective rate1.93% Implied rate5.41% Bid / offer (dirty)89.43 / 90.18 Tax bands 0%net 2.56% · tax-eq 2.56% · rank 4 20%net 2.53% · tax-eq 3.16% · rank 2 40%net 2.49% · tax-eq 4.15% · rank 2 45%net 2.48% · tax-eq 4.52% · rank 2
	26	1 7/8% Index-linked Treasury Gilt 2049 ⚠ GB00BT7J0134 · — · index-linked	1.88%	2049-09-22	20Y+	88.57—	0.769151d	2.53%—	1.71%
Key metrics Gross yield2.53% DMO yield— Net yield1.71% Grossed-up yield2.85% Curve spread-1.7 Years to maturity23.09y Modified duration18.13 DV010.1620 Bond Issue date2025-03-12 Maturity date2049-09-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon1.88% Tenor20Y+ Settlement Clean price88.57 Dirty price89.34 Accrued interest0.769 Settlement date2026-08-20 Relative value Div (bps)-1.7 Δ Div— Bench2.55% OIS %— OIS spr— Running2.12% Bid / Offer88.25 / 88.89 Bid / Offer (dirty)94.54 / 95.22 Holding-period return Consideration£88,570.00 Accrued interest£775.68 Maturity income£25,995.21 Capital gain£11,430.00 Total costs£787.63 Net return£36,637.57 Effective rate1.59% Implied rate2.98% Bid / offer (dirty)94.54 / 95.22 Tax bands 0%net 2.53% · tax-eq 2.53% · rank 7 20%net 2.12% · tax-eq 2.65% · rank 19 40%net 1.71% · tax-eq 2.85% · rank 22 45%net 1.61% · tax-eq 2.92% · rank 22
	13	0½% Index-linked Treasury Gilt 2050 GB00B421JZ66 · — · index-linked	0.50%	2050-03-22	20Y+	63.53—	0.205151d	2.57%—	2.31%
Key metrics Gross yield2.57% DMO yield— Net yield2.31% Grossed-up yield3.85% Curve spread+2.0 Years to maturity23.59y Modified duration21.48 DV010.1369 Bond Issue date2009-09-25 Maturity date2050-03-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon0.50% Tenor20Y+ Settlement Clean price63.53 Dirty price63.74 Accrued interest0.205 Settlement date2026-08-20 Relative value Div (bps)+2.0 Δ Div— Bench2.55% OIS %— OIS spr— Running0.79% Bid / Offer63.25 / 63.80 Bid / Offer (dirty)123.77 / 124.84 Holding-period return Consideration£63,525.00 Accrued interest£206.85 Maturity income£7,080.82 Capital gain£36,475.00 Total costs£218.80 Net return£43,337.02 Effective rate1.84% Implied rate4.82% Bid / offer (dirty)123.77 / 124.84 Tax bands 0%net 2.57% · tax-eq 2.57% · rank 2 20%net 2.44% · tax-eq 3.05% · rank 6 40%net 2.31% · tax-eq 3.85% · rank 8 45%net 2.28% · tax-eq 4.14% · rank 8
	15	0 1/8% Index-linked Treasury Gilt 2051 GB00BNNGP882 · — · index-linked	0.13%	2051-03-22	20Y+	55.60—	0.051151d	2.57%—	2.50%
Key metrics Gross yield2.57% DMO yield— Net yield2.50% Grossed-up yield4.17% Curve spread+1.5 Years to maturity24.59y Modified duration23.72 DV010.1320 Bond Issue date2021-02-10 Maturity date2051-03-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon0.13% Tenor20Y+ Settlement Clean price55.60 Dirty price55.65 Accrued interest0.051 Settlement date2026-08-20 Relative value Div (bps)+1.5 Δ Div— Bench2.56% OIS %— OIS spr— Running0.22% Bid / Offer55.34 / 55.86 Bid / Offer (dirty)78.39 / 79.12 Holding-period return Consideration£55,600.00 Accrued interest£51.71 Maturity income£1,845.21 Capital gain£44,400.00 Total costs£63.66 Net return£46,181.54 Effective rate1.88% Implied rate5.63% Bid / offer (dirty)78.39 / 79.12 Tax bands 0%net 2.57% · tax-eq 2.57% · rank 1 20%net 2.54% · tax-eq 3.17% · rank 1 40%net 2.50% · tax-eq 4.17% · rank 1 45%net 2.49% · tax-eq 4.53% · rank 1
	16	0¼% Index-linked Treasury Gilt 2052 GB00B73ZYW09 · — · index-linked	0.25%	2052-03-22	20Y+	56.67—	0.103151d	2.57%—	2.43%
Key metrics Gross yield2.57% DMO yield— Net yield2.43% Grossed-up yield4.05% Curve spread+1.3 Years to maturity25.59y Modified duration24.09 DV010.1368 Bond Issue date2012-09-26 Maturity date2052-03-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon0.25% Tenor20Y+ Settlement Clean price56.67 Dirty price56.77 Accrued interest0.103 Settlement date2026-08-20 Relative value Div (bps)+1.3 Δ Div— Bench2.56% OIS %— OIS spr— Running0.44% Bid / Offer56.39 / 56.94 Bid / Offer (dirty)97.14 / 98.09 Holding-period return Consideration£56,665.00 Accrued interest£103.42 Maturity income£3,840.82 Capital gain£43,335.00 Total costs£115.37 Net return£47,060.45 Effective rate1.84% Implied rate5.41% Bid / offer (dirty)97.14 / 98.09 Tax bands 0%net 2.57% · tax-eq 2.57% · rank 3 20%net 2.50% · tax-eq 3.13% · rank 3 40%net 2.43% · tax-eq 4.05% · rank 4 45%net 2.42% · tax-eq 4.39% · rank 4
	23	1¼% Index-linked Treasury Gilt 2054 GB00BPSNBG80 · — · index-linked	1.25%	2054-11-22	20Y+	73.96—	0.30690d	2.55%—	1.95%
Key metrics Gross yield2.55% DMO yield— Net yield1.95% Grossed-up yield3.25% Curve spread+0.5 Years to maturity28.26y Modified duration22.60 DV010.1679 Bond Issue date2024-03-14 Maturity date2054-11-22 Ex-dividend date2026-11-12 Next coupon2026-11-22 Coupon1.25% Tenor20Y+ Settlement Clean price73.96 Dirty price74.27 Accrued interest0.306 Settlement date2026-08-20 Relative value Div (bps)+0.5 Δ Div— Bench2.54% OIS %— OIS spr— Running1.69% Bid / Offer73.62 / 74.29 Bid / Offer (dirty)81.28 / 82.02 Holding-period return Consideration£73,955.00 Accrued interest£308.22 Maturity income£21,207.53 Capital gain£26,045.00 Total costs£320.17 Net return£46,932.37 Effective rate1.66% Implied rate3.74% Bid / offer (dirty)81.28 / 82.02 Tax bands 0%net 2.55% · tax-eq 2.55% · rank 5 20%net 2.25% · tax-eq 2.81% · rank 14 40%net 1.95% · tax-eq 3.25% · rank 18 45%net 1.87% · tax-eq 3.40% · rank 19
	20	1¼% Index-linked Treasury Gilt 2055 GB00B0CNHZ09 · — · index-linked	1.25%	2055-11-22	20Y+	73.49—	0.30690d	2.54%—	1.94%
Key metrics Gross yield2.54% DMO yield— Net yield1.94% Grossed-up yield3.23% Curve spread+0.7 Years to maturity29.26y Modified duration23.21 DV010.1713 Bond Issue date2005-09-23 Maturity date2055-11-22 Ex-dividend date2026-11-12 Next coupon2026-11-22 Coupon1.25% Tenor20Y+ Settlement Clean price73.49 Dirty price73.80 Accrued interest0.306 Settlement date2026-08-20 Relative value Div (bps)+0.7 Δ Div— Bench2.53% OIS %— OIS spr— Running1.70% Bid / Offer73.15 / 73.83 Bid / Offer (dirty)159.09 / 160.56 Holding-period return Consideration£73,490.00 Accrued interest£308.22 Maturity income£21,957.53 Capital gain£26,510.00 Total costs£320.17 Net return£48,147.37 Effective rate1.64% Implied rate3.73% Bid / offer (dirty)159.09 / 160.56 Tax bands 0%net 2.54% · tax-eq 2.54% · rank 6 20%net 2.24% · tax-eq 2.80% · rank 15 40%net 1.94% · tax-eq 3.23% · rank 19 45%net 1.86% · tax-eq 3.38% · rank 20
	27	0 1/8% Index-Linked Treasury Gilt 2056 ⚠ GB00BYVP4K94 · — · index-linked	0.13%	2056-11-22	20Y+	49.84—	0.03190d	2.50%—	2.42%
Key metrics Gross yield2.50% DMO yield— Net yield2.42% Grossed-up yield4.04% Curve spread-2.1 Years to maturity30.26y Modified duration28.99 DV010.1446 Bond Issue date2016-11-30 Maturity date2056-11-22 Ex-dividend date2026-11-12 Next coupon2026-11-22 Coupon0.13% Tenor20Y+ Settlement Clean price49.84 Dirty price49.87 Accrued interest0.031 Settlement date2026-08-20 Relative value Div (bps)-2.1 Δ Div— Bench2.52% OIS %— OIS spr— Running0.25% Bid / Offer49.55 / 50.13 Bid / Offer (dirty)77.90 / 78.82 Holding-period return Consideration£49,840.00 Accrued interest£30.82 Maturity income£2,270.96 Capital gain£50,160.00 Total costs£42.77 Net return£52,388.19 Effective rate1.73% Implied rate5.79% Bid / offer (dirty)77.90 / 78.82 Tax bands 0%net 2.50% · tax-eq 2.50% · rank 10 20%net 2.46% · tax-eq 3.08% · rank 5 40%net 2.42% · tax-eq 4.04% · rank 5 45%net 2.41% · tax-eq 4.39% · rank 5
	29	0 1/8% Index-linked Treasury Gilt 2058 GB00BP9DLZ64 · — · index-linked	0.13%	2058-03-22	20Y+	48.85—	0.051151d	2.47%—	2.39%
Key metrics Gross yield2.47% DMO yield— Net yield2.39% Grossed-up yield3.98% Curve spread-2.9 Years to maturity31.59y Modified duration30.20 DV010.1477 Bond Issue date2014-07-30 Maturity date2058-03-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon0.13% Tenor20Y+ Settlement Clean price48.85 Dirty price48.90 Accrued interest0.051 Settlement date2026-08-20 Relative value Div (bps)-2.9 Δ Div— Bench2.49% OIS %— OIS spr— Running0.26% Bid / Offer48.55 / 49.15 Bid / Offer (dirty)79.05 / 80.03 Holding-period return Consideration£48,850.00 Accrued interest£51.71 Maturity income£2,370.62 Capital gain£51,150.00 Total costs£63.66 Net return£53,456.95 Effective rate1.69% Implied rate5.77% Bid / offer (dirty)79.05 / 80.03 Tax bands 0%net 2.47% · tax-eq 2.47% · rank 12 20%net 2.43% · tax-eq 3.03% · rank 8 40%net 2.39% · tax-eq 3.98% · rank 7 45%net 2.38% · tax-eq 4.33% · rank 7
	18	0 3/8% Index-linked Treasury Gilt 2062 GB00B4PTCY75 · — · index-linked	0.38%	2062-03-22	20Y+	51.55—	0.154151d	2.41%—	2.19%
Key metrics Gross yield2.41% DMO yield— Net yield2.19% Grossed-up yield3.65% Curve spread+1.1 Years to maturity35.59y Modified duration31.64 DV010.1636 Bond Issue date2011-10-26 Maturity date2062-03-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon0.38% Tenor20Y+ Settlement Clean price51.55 Dirty price51.70 Accrued interest0.154 Settlement date2026-08-20 Relative value Div (bps)+1.1 Δ Div— Bench2.40% OIS %— OIS spr— Running0.73% Bid / Offer51.22 / 51.88 Bid / Offer (dirty)90.67 / 91.84 Holding-period return Consideration£51,550.00 Accrued interest£155.14 Maturity income£8,012.47 Capital gain£48,450.00 Total costs£167.09 Net return£56,295.38 Effective rate1.58% Implied rate5.11% Bid / offer (dirty)90.67 / 91.84 Tax bands 0%net 2.41% · tax-eq 2.41% · rank 14 20%net 2.30% · tax-eq 2.87% · rank 11 40%net 2.19% · tax-eq 3.65% · rank 11 45%net 2.16% · tax-eq 3.93% · rank 12
	8	0 1/8% Index-linked Treasury Gilt 2065 ⚠ GB00BD9MZZ71 · — · index-linked	0.13%	2065-11-22	20Y+	43.56—	0.03190d	2.33%—	2.25%
Key metrics Gross yield2.33% DMO yield— Net yield2.25% Grossed-up yield3.74% Curve spread+3.9 Years to maturity39.26y Modified duration37.16 DV010.1620 Bond Issue date2016-02-24 Maturity date2065-11-22 Ex-dividend date2026-11-12 Next coupon2026-11-22 Coupon0.13% Tenor20Y+ Settlement Clean price43.56 Dirty price43.59 Accrued interest0.031 Settlement date2026-08-20 Relative value Div (bps)+3.9 Δ Div— Bench2.29% OIS %— OIS spr— Running0.29% Bid / Offer43.23 / 43.88 Bid / Offer (dirty)69.14 / 70.17 Holding-period return Consideration£43,555.00 Accrued interest£30.82 Maturity income£2,946.37 Capital gain£56,445.00 Total costs£42.77 Net return£59,348.60 Effective rate1.51% Implied rate5.78% Bid / offer (dirty)69.14 / 70.17 Tax bands 0%net 2.33% · tax-eq 2.33% · rank 16 20%net 2.29% · tax-eq 2.86% · rank 12 40%net 2.25% · tax-eq 3.74% · rank 9 45%net 2.24% · tax-eq 4.07% · rank 9
	19	0 1/8% Index-linked Treasury Gilt 2068 GB00BDX8CX86 · — · index-linked	0.13%	2068-03-22	20Y+	42.46—	0.051151d	2.27%—	2.19%
Key metrics Gross yield2.27% DMO yield— Net yield2.19% Grossed-up yield3.65% Curve spread+0.9 Years to maturity41.59y Modified duration39.22 DV010.1667 Bond Issue date2013-09-25 Maturity date2068-03-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon0.13% Tenor20Y+ Settlement Clean price42.46 Dirty price42.51 Accrued interest0.051 Settlement date2026-08-20 Relative value Div (bps)+0.9 Δ Div— Bench2.26% OIS %— OIS spr— Running0.29% Bid / Offer42.12 / 42.79 Bid / Offer (dirty)70.29 / 71.41 Holding-period return Consideration£42,455.00 Accrued interest£51.71 Maturity income£3,121.23 Capital gain£57,545.00 Total costs£63.66 Net return£60,602.57 Effective rate1.46% Implied rate5.72% Bid / offer (dirty)70.29 / 71.41 Tax bands 0%net 2.27% · tax-eq 2.27% · rank 18 20%net 2.23% · tax-eq 2.79% · rank 16 40%net 2.19% · tax-eq 3.65% · rank 12 45%net 2.18% · tax-eq 3.96% · rank 11
	32	0 1/8% Index-linked Treasury Gilt 2073 ⚠ GB00BM8Z2W66 · — · index-linked	0.13%	2073-03-22	20Y+	43.68—	0.051151d	1.98%—	1.90%
Key metrics Gross yield1.98% DMO yield— Net yield1.90% Grossed-up yield3.17% Curve spread-27.9 Years to maturity46.59y Modified duration43.80 DV010.1915 Bond Issue date2021-11-24 Maturity date2073-03-22 Ex-dividend date2026-09-11 Next coupon2026-09-22 Coupon0.13% Tenor20Y+ Settlement Clean price43.68 Dirty price43.73 Accrued interest0.051 Settlement date2026-08-20 Relative value Div (bps)-27.9 Δ Div— Bench2.26% OIS %— OIS spr— Running0.29% Bid / Offer43.30 / 44.06 Bid / Offer (dirty)58.52 / 59.55 Holding-period return Consideration£43,680.00 Accrued interest£51.71 Maturity income£3,496.44 Capital gain£56,320.00 Total costs£63.66 Net return£59,752.78 Effective rate1.28% Implied rate4.89% Bid / offer (dirty)58.52 / 59.55 Tax bands 0%net 1.98% · tax-eq 1.98% · rank 23 20%net 1.94% · tax-eq 2.43% · rank 21 40%net 1.90% · tax-eq 3.17% · rank 20 45%net 1.89% · tax-eq 3.44% · rank 18
	34	4 1/8% Index-linked Treasury Stock 2030 ⚠ GB0008932666 · — · index-linked	4.13%	2030-07-22	2-5Y	343.07—	0.32529d	-26.92%—	-27.79%
Key metrics Gross yield-26.92% DMO yield— Net yield-27.79% Grossed-up yield-46.32% Curve spread-2765.9 Years to maturity3.92y Modified duration4.38 DV010.1504 Bond Issue date1992-06-12 Maturity date2030-07-22 Ex-dividend date2027-01-13 Next coupon2027-01-22 Coupon4.13% Tenor2-5Y Settlement Clean price343.07 Dirty price343.40 Accrued interest0.325 Settlement date2026-08-20 Relative value Div (bps)-2765.9 Δ Div— Bench0.74% OIS %— OIS spr— Running1.20% Bid / Offer342.88 / 343.26 Bid / Offer (dirty)344.02 / 344.40 Holding-period return Consideration£343,070.00 Accrued interest£327.74 Maturity income£9,710.14 Capital gain£-243,070.00 Total costs£339.69 Net return£-233,699.55 Effective rate-59.57% Implied rate-28.94% Bid / offer (dirty)344.02 / 344.40 Tax bands 0%net -26.92% · tax-eq -26.92% · rank 34 20%net -27.36% · tax-eq -34.20% · rank 34 40%net -27.79% · tax-eq -46.32% · rank 34 45%net -27.90% · tax-eq -50.73% · rank 34
	33	2% Index-linked Treasury Stock 2035 ⚠ GB0031790826 · — · index-linked	2.00%	2035-01-26	5-10Y	241.89—	0.13625d	-8.92%—	-9.44%
Key metrics Gross yield-8.92% DMO yield— Net yield-9.44% Grossed-up yield-15.73% Curve spread-1055.6 Years to maturity8.44y Modified duration8.44 DV010.2042 Bond Issue date2002-07-11 Maturity date2035-01-26 Ex-dividend date2027-01-15 Next coupon2027-01-26 Coupon2.00% Tenor5-10Y Settlement Clean price241.89 Dirty price242.03 Accrued interest0.136 Settlement date2026-08-20 Relative value Div (bps)-1055.6 Δ Div— Bench1.63% OIS %— OIS spr— Running0.83% Bid / Offer241.51 / 242.26 Bid / Offer (dirty)241.89 / 242.64 Holding-period return Consideration£241,885.00 Accrued interest£136.99 Maturity income£10,129.32 Capital gain£-141,885.00 Total costs£148.94 Net return£-131,904.62 Effective rate-15.63% Implied rate-10.77% Bid / offer (dirty)241.89 / 242.64 Tax bands 0%net -8.92% · tax-eq -8.92% · rank 33 20%net -9.18% · tax-eq -11.47% · rank 33 40%net -9.44% · tax-eq -15.73% · rank 33 45%net -9.50% · tax-eq -17.27% · rank 33

Market data as of 2026-08-19 · all figures assume a settlement on .

Glossary

Clean priceQuoted price of a gilt, excluding accrued interest. Dirty priceClean price plus accrued interest. Accrued interestInterest earned since the last payment date, paid/received in addition to the clean price. Gross yieldRedemption yield — the constant rate at which all future payments discount to the dirty price. Net yieldRedemption yield after income tax on coupons. Grossed-up yieldThe pre-tax yield a fully-taxable bond would need to offer to match the gilt's after-tax return. Curve spreadGilt yield minus the benchmark (Bank of England) curve yield, in basis points. Modified durationA measure of the sensitivity of the gilt's price to a change in yield. DV01Change in price for a one basis-point change in yield. SettlementBy convention, gilts settle on the next business day (T+1); the settlement date affects accrued interest and yield. Index-linked (3-month lag)Indexed to RPI with a 3-month lag; quoted as a real clean price, so yields are real (inflation-neutral).

Gilt yield curve

Priced gilts (104)

Key metrics

Bond

Settlement

Relative value

Holding-period return

Tax bands

Key metrics

Bond

Settlement

Relative value

Holding-period return

Tax bands

Key metrics

Bond

Settlement

Relative value

Holding-period return

Tax bands

Key metrics

Bond

Settlement

Relative value

Holding-period return

Tax bands

Key metrics

Bond

Settlement

Relative value

Holding-period return

Tax bands

Key metrics

Bond

Settlement

Relative value

Holding-period return

Tax bands

Key metrics

Bond

Settlement

Relative value

Holding-period return

Tax bands

Key metrics

Bond

Settlement

Relative value

Holding-period return

Tax bands

Key metrics

Bond

Settlement

Relative value

Holding-period return

Tax bands

Key metrics

Bond

Settlement

Relative value

Holding-period return

Tax bands

Key metrics

Bond

Settlement

Relative value

Holding-period return

Tax bands

Key metrics

Bond

Settlement

Relative value

Holding-period return

Tax bands

Key metrics

Bond

Settlement

Relative value

Holding-period return

Tax bands