Gilts get their moment in the limelight
Government bonds, often called gilts, are traditionally dull investments. However, as recent events highlighted, they are an important part of the financial landscape.
Gilts
UK interest rates quadruple in two months
Government bond interest rates quadruple in January and February.
Government’s gilt sale – cheap money?
In October, the government provided an answer to the question “What does it cost to borrow for 50 years?”. Perhaps surprisingly, it was not “whatever the Chinese would charge.”