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Gilts
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Risk-free bonds issued by the British government.
They are the equivalent of U.S. Treasury Securities. The name "gilt" comes from the original British government certifications that had gilded edges. Refers to the Debt securities issued by the Bank of England, which had a gilt (or gilded) edge. Hence, they are called gilt-edged securities, or gilts for Short. Generally, when a market participant refers to gilts, what is meant is British gilts unless otherwise specified, and the description below applies to the UK gilt market. ONS data reveal that about two-thirds of all gilts are held by insurance companies and pension funds.
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Privatebanking.com
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