What is the 'DMO'? Definition & meaning

More terms

index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.

Internal Rate of Return (IRR)

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

Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).

Bull market

We explain what a 'bull market' means

Withholding Tax

A tax deduction made at the source of the payment.

Zero-Sum Game

A situation in which one person's gain is another's loss.

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.

Alpha

The percentage by which an investor outperforms a relevant benchmark.

Running yield

The annual interest payment (dividend) divided by the current market price of a bond.

DMO