The total market size of gilts in the United Kingdom (UK) amounted to approximately 2.6 trillion British pounds as of December 2024. The majority of gilts in the UK are made up of conventional (nominal) gilts which are as defined by the United Kingdom Debt Management Office as "A conventional gilt is a liability of the Government which guarantees to pay the holder of the gilt a fixed cash payment (coupon) every six months until the maturity date, at which point the holder receives the final coupon payment and the return of the principal. The prices of conventional gilts are quoted in terms of £100 nominal. However, they can be traded in units as small as a penny."

United Kingdom 10Y Bond Yield was 4.81 percent on Thursday March 27, according to over-the-counter interbank yield quotes for this government bond maturity. UK 10 Year Gilt Bond Yield - values, historical data, forecasts and news - updated on March of 2025.

United Kingdom Govt Secs: Gross Issuance: Market Value: Index Linked Gilts data was reported at 664.784 GBP mn in Mar 2018. This records an increase from the previous number of 656.350 GBP mn for Dec 2017. United Kingdom Govt Secs: Gross Issuance: Market Value: Index Linked Gilts data is updated quarterly, averaging 267.695 GBP mn from Mar 2004 (Median) to Mar 2018, with 57 observations. The data reached an all-time high of 664.784 GBP mn in Mar 2018 and a record low of 88.432 GBP mn in Mar 2004. United Kingdom Govt Secs: Gross Issuance: Market Value: Index Linked Gilts data remains active status in CEIC and is reported by Debt Management Office. The data is categorized under Global Database’s UK – Table UK.Z016: Debt Management Office: Debt Securities Statistics.

United Kingdom 30-Year Treasury Gilt Auction Bond Yield was 5.37 percent on Wednesday March 26, according to over-the-counter interbank yield quotes for this government bond maturity. United Kingdom 30-Year Treasury Gilt Auction - values, historical data, forecasts and news - updated on March of 2025.

As of December 2024, all United Kingdom government debt securities were returning positive yields, regardless of maturity. This places the yield of both UK short term bonds and long term bonds above that of major countries like Germany, France and Japan, but lower than the United States. What are government bonds? Government bonds are debt instruments where a certain amount of money is given to the issuer, in exchange for regular payments of interest over a fixed period. At the end of this period the issuer then returns the amount in full. Bonds differ from a regular loan through how they can be traded on financial markets once issued. This ability to trade bonds makes it more complex to measure the return investors receive from bonds, as the price they buy a bond for on the market may differ from the price the same bond was initially issued at. The yield is therefore calculated as what investors can expect to receive based on current market prices paid for the bond, not the value it was issued at. In total, UK government debt amounted to over 2.4 trillion British pounds in 2023 – with the majority being comprised of different types of UK government bonds. Why are inverted yield curves important? UK government bond yields over recent years have taken on a typical shape, with short term bonds having a lower yield than bonds with a maturity of 10 to 20 years. The higher yield of longer-term bonds compensates investors for the higher level of uncertainty in the future. However, if investors are sufficiently worried about both a short term economic decline, and low long term growth, they may prefer to purchase short term bonds in order to secure assets with regular interest payments in the here and now (as opposed to shares, which can lose a lot of value in a short time). This can lead to an inverted yield curve, where shorter term debt has a higher yield. Inverted yield curves are generally seen as a reliable indicator of a recession, with inverted yields occurring before most recent U.S. recessions. The major exception to this is the recession from the coronavirus pandemic – but even then, U.S. yield curves came perilously close to being inverted in mid-2019.

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The average yearly yield of UK 10-year government bonds has shown a significant downward trend from 1990 to 2023. Starting at nearly 12 percent in 1990, yields steadily declined, with slight fluctuations, reaching a low of 0.37 percent in 2020. After 2020, yields began to rise again, reflecting recent increases in interest rates and inflation expectations. This long-term decline indicates decreasing inflation and interest rates in Australia over the past decades, with recent economic conditions prompting a reversal in bond yields.

United Kingdom Govt Secs: Net Issuance: Market Value: Index Linked Gilts data was reported at 648.883 GBP mn in Sep 2018. This records a decrease from the previous number of 650.174 GBP mn for Jun 2018. United Kingdom Govt Secs: Net Issuance: Market Value: Index Linked Gilts data is updated quarterly, averaging 321.103 GBP mn from Jun 2005 (Median) to Sep 2018, with 54 observations. The data reached an all-time high of 653.274 GBP mn in Mar 2018 and a record low of 102.470 GBP mn in Jun 2005. United Kingdom Govt Secs: Net Issuance: Market Value: Index Linked Gilts data remains active status in CEIC and is reported by Debt Management Office. The data is categorized under Global Database’s United Kingdom – Table UK.Z016: Debt Management Office: Debt Securities Statistics.

UK gilt bond yields mostly decreased between October 2023 and October 2024. For instance, the 1-year bond yield dropped from 5.18 percent to 4.42 percent, and the 30-year yield fell from 4.93 percent to 4.68 percent. The decline in yields was consistent across both short- and long-term maturities during this period.

United Kingdom Govt Secs: Gross Issuance: Market Value: All Gilts & T-Bills data was reported at 2,100.633 GBP mn in Sep 2018. This records a decrease from the previous number of 2,154.450 GBP mn for Jun 2018. United Kingdom Govt Secs: Gross Issuance: Market Value: All Gilts & T-Bills data is updated quarterly, averaging 1,256.528 GBP mn from Mar 2004 (Median) to Sep 2018, with 59 observations. The data reached an all-time high of 2,162.250 GBP mn in Sep 2016 and a record low of 371.753 GBP mn in Mar 2004. United Kingdom Govt Secs: Gross Issuance: Market Value: All Gilts & T-Bills data remains active status in CEIC and is reported by Debt Management Office. The data is categorized under Global Database’s United Kingdom – Table UK.Z016: Debt Management Office: Debt Securities Statistics.

US 10 Year Note Bond Yield was 4.34 percent on Wednesday March 26, according to over-the-counter interbank yield quotes for this government bond maturity. US 10 Year Treasury Bond Note Yield - values, historical data, forecasts and news - updated on March of 2025.

As of October 16, 2024, the yield for a ten-year U.S. government bond was 4.04 percent, while the yield for a two-year bond was 3.96 percent. This represents an inverted yield curve, whereby bonds of longer maturities provide a lower yield, reflecting investors' expectations for a decline in long-term interest rates. Hence, making long-term debt holders open to more risk under the uncertainty around the condition of financial markets in the future. That markets are uncertain can be seen by considering both the short-term fluctuations, and the long-term downward trend, of the yields of U.S. government bonds from 2006 to 2021, before the treasury yield curve increased again significantly in 2022 and 2023. What are government bonds? Government bonds, otherwise called ‘sovereign’ or ‘treasury’ bonds, are financial instruments used by governments to raise money for government spending. Investors give the government a certain amount of money (the ‘face value’), to be repaid at a specified time in the future (the ‘maturity date’). In addition, the government makes regular periodic interest payments (called ‘coupon payments’). Once initially issued, government bonds are tradable on financial markets, meaning their value can fluctuate over time (even though the underlying face value and coupon payments remain the same). Investors are attracted to government bonds as, provided the country in question has a stable economy and political system, they are a very safe investment. Accordingly, in periods of economic turmoil, investors may be willing to accept a negative overall return in order to have a safe haven for their money. For example, once the market value is compared to the total received from remaining interest payments and the face value, investors have been willing to accept a negative return on two-year German government bonds between 2014 and 2021. Conversely, if the underlying economy and political structures are weak, investors demand a higher return to compensate for the higher risk they take on. Consequently, the return on bonds in emerging markets like Brazil are consistently higher than that of the United States (and other developed economies). Inverted yield curves When investors are worried about the financial future, it can lead to what is called an ‘inverted yield curve’. An inverted yield curve is where investors pay more for short term bonds than long term, indicating they do not have confidence in long-term financial conditions. Historically, the yield curve has historically inverted before each of the last five U.S. recessions. The last U.S. yield curve inversion occurred at several brief points in 2019 – a trend which continued until the Federal Reserve cut interest rates several times over that year. However, the ultimate trigger for the next recession was the unpredicted, exogenous shock of the global coronavirus (COVID-19) pandemic, showing how such informal indicators may be grounded just as much in coincidence as causation.

United Kingdom Govt Secs: Net Issuance: Market Value: All Gilts & T-Bills data was reported at 1,959.627 GBP mn in Sep 2018. This records a decrease from the previous number of 2,007.616 GBP mn for Jun 2018. United Kingdom Govt Secs: Net Issuance: Market Value: All Gilts & T-Bills data is updated quarterly, averaging 1,313.737 GBP mn from Jun 2005 (Median) to Sep 2018, with 54 observations. The data reached an all-time high of 2,007.616 GBP mn in Jun 2018 and a record low of 424.221 GBP mn in Jun 2005. United Kingdom Govt Secs: Net Issuance: Market Value: All Gilts & T-Bills data remains active status in CEIC and is reported by Debt Management Office. The data is categorized under Global Database’s United Kingdom – Table UK.Z016: Debt Management Office: Debt Securities Statistics.

Gilt-edged Market Makers Data facilitates the 'official, close of business reference price for each gilt in issue.

As of December 30, 2024, the major economy with the highest yield on 10-year government bonds was Turkey, with a yield of 27.38 percent. This is due to the risks investors take when investing in Turkey, notably due to high inflation rates potentially eradicating any profits made when using a foreign currency to investing in securities denominated in Turkish lira. Of the major developed economies, United States had one the highest yield on 10-year government bonds at this time with 4.59 percent, while Switzerland had the lowest at 0.27 percent. How does inflation influence the yields of government bonds? Inflation reduces purchasing power over time. Due to this, investors seek higher returns to offset the anticipated decrease in purchasing power resulting from rapid price rises. In countries with high inflation, government bond yields often incorporate investor expectations and risk premiums, resulting in comparatively higher rates offered by these bonds. Why are government bond rates significant? Government bond rates are an important indicator of financial markets, serving as a benchmark for borrowing costs, interest rates, and investor sentiment. They affect the cost of government borrowing, influence the price of various financial instruments, and serve as a reflection of expectations regarding inflation and economic growth. For instance, in financial analysis and investing, people often use the 10-year U.S. government bond rates as a proxy for the longer-term risk-free rate.

Prices for UK 20Y including live quotes, historical charts and news. UK 20Y was last updated by Trading Economics this March 27 of 2025.

United Kingdom 2Y Bond Yield was 4.27 percent on Thursday March 27, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for UK 2Y.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for United States (IRLTLT01USM156N) from Apr 1953 to Jan 2025 about long-term, 10-year, bonds, yield, government, interest rate, interest, rate, and USA.

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