DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.

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NASDAQ

A US stock exchange specialising in the shares of technology companies.
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S&P 500

Find out what is the definition of the S&P 500 index.
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OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
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Zero coupon bonds

What is a zero coupon bond?
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Bull market

We explain what a 'bull market' means
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Professional Client

An investor that is able to meet several regulatory criteria.
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UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.
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Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.
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Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.
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