Different Types of Gilt TN, TR, T, TG and TRxA etc.

davethebb

I am considering moving some of my cash (held in the RL short-term money market fund) to Gilts as a hedge against interest rate decreases. On the II website (my chosen platform), I can see numerous Gilts with various references; see the title for examples. What do the references mean? Also, if I want to sell them before maturity, would I do this via the II platform?

wmb194

davethebb said:

Different Types of Gilt TN, TR, T, TG and TRxA etc.

I am considering moving some of my cash (held in the RL short-term money market fund) to Gilts as a hedge against interest rate decreases. On the II website (my chosen platform), I can see numerous Gilts with various references; see the title for examples. What do the references mean? Also, if I want to sell them before maturity, would I do this via the II platform?

*gilts (all lowercase). I don’t think they mean anything, they’re just unique tickers assigned by the LSE. They’re called Treasury stock - gilts is a nickname - so that’s where the, ‘T’ comes from.

Yes, sell them via a stockbroker. It doesn’t have to be II though, you could transfer them in specie to another broker that offers gilts and sell them there e.g., iWeb/Halifax, AJ Bell, HL.

If you don’t know it already, this is a good site for gilt data: https://www.yieldgimp.com/

masonic

As the last two digits are used to denote the year of maturity (with a few exceptions, like TRTQ and TR4Q), they need a few different prefixes to allow for multiple different gilts to mature in the same year. As wmb194 states, the prefix is just chosen to make the ticker relevant to the investment, like choosing a personalised number plate for your car.

george4064

wmb194 said:

davethebb said:

Different Types of Gilt TN, TR, T, TG and TRxA etc.

I am considering moving some of my cash (held in the RL short-term money market fund) to Gilts as a hedge against interest rate decreases. On the II website (my chosen platform), I can see numerous Gilts with various references; see the title for examples. What do the references mean? Also, if I want to sell them before maturity, would I do this via the II platform?

*gilts (all lowercase). I don’t think they mean anything, they’re just unique tickers assigned by the LSE. They’re called Treasury stock - gilts is a nickname - so that’s where the, ‘T’ comes from.

Yes, sell them via a stockbroker. It doesn’t have to be II though, you could transfer them in specie to another broker that offers gilts and sell them there e.g., iWeb/Halifax, AJ Bell, HL.

If you don’t know it already, this is a good site for gilt data: https://www.yieldgimp.com/

Strongly recommend yieldgimp website, very good and relevant information

davethebb

Thank you all for your responses and the recommendation for the Yieldgimp website site, which is extremely helpful.

leosayer

Gilt funds can also be used for the same purpose.

EthicsGradient

The post made at 10:27 today on gilt types appears to be nonsense (a quick look at UK Gilt Prices and Yields shows conventional gilts using "TR", TS34 which was issued in 2024, so with a 10 year life, 'H' used for conventional but not inflation-linked gilts, 'TG' used for both conventional and green gilts). Unrecommended, and that first time poster needs to do something to convince us they're serious.

kermchem

Gilt funds are very different from single gilts held to maturity.

aroominyork

https://forums.moneysavingexpert.com/discussion/comment/82106469#Comment_82106469

Yup, and it's a surprise that T29 is conventional and not index-linked as I thought when I bought it. I also hold TE27 which doesn't seem to exist at all…

leosayer

https://forums.moneysavingexpert.com/discussion/comment/82106478#Comment_82106478

Sure, but both achieve the OP's stated objective in different ways and they are moving from a fund structure so may be more comfortable with that.

Funds also automatically rebalance and reinvest interest which might be useful.

masonic

https://forums.moneysavingexpert.com/discussion/comment/82106469#Comment_82106469

That post appeared to be regurgitated AI slop, but is gone now.