NYSE

A street in New York that became a figure of speech for the financial markets of the US.

The quoted price of a gilt, which excludes accrued interest

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.

Find out what quantitative easing is and how central banks use this monetary measure to encourage economic growth.

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

A debt instrument issued by the UK government with a maturity of less than one year.

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.