Which /what are gild edged securites?
Historically, gilt names referred to their purpose of issuance, or signified how a stock had been created, such as 10% Conversion Stock 1999. In recent years, gilts have been generally named Treasury Stocks. However, from 2005-2006, all new issues of gilts are to be called Treasury Gilts.
These account for around a quarter of UK government debt. The UK was one of the first developed economies to issue index-linked bonds in 1981, and has issued 19 index-linked bonds since that date. Like conventional gilts, index-linked gilts pay coupons in line with market interest rates. ...more