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The Independent UK
The Independent UK
Business
Simon English and Karl Matchett

What are gilts and should I buy them? A guide as UK government bonds rise above 5%

Government bonds are back in the news after reaching yields of above 5 per cent once more. But what are they and should you be buying them?

Gilts, as they are known, are bonds issued by the UK government. When you buy a gilt, you are effectively lending money to the government for a fixed period.

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