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DMO

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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Investment Return

The amount of money made or lost from an investment. Usually expressed as a percentage.
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Yield curve

A graphical representation of interest rates over time
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Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.
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