Index-linked gilts

These data are available in Bankstats Table B1.7.

From January 2016, this collection was extended to capture additional granularity of gilts holdings by identifying, within each maturity breakdown, the amount that relate to index-linked gilts.

Index Linked

Index-linked gilts differ from conventional gilts in that coupon and principal payments are adjusted in line with movements in inflation. Index-linked gilts are reported as a separate ‘of which’ item, for each residual maturity split. This enhanced granularity will enable users to identify, within residual maturity splits, the proportions that are impacted by changes in the Retail Price Index (RPI).

Chart A utilises the new detail and demonstrates the proportion of index-linked gilts for each residual maturity band. 

Chart A: UK MFIs’ (excluding central bank) holdings of gilts by residual maturity – Dec 2017

Next steps

From this month, the Bank of England will publish a number of new series showing the stocks and flows of index-linked gilts. The new series will include the amount of index-linked gilts for gross long and short positions for all maturity splits. These data will be available monthly in the Database. The relevant Database codes for these series can be found in the table below.

For more information about previous changes to this collection, please see “Publication of additional data on UK monetary financial institutions' holdings of UK government bonds” by Dennis Jeevarajasingham.

For questions relating to this announcement please contact dsd_ms@bankofengland.co.uk or call +44 (0)20 3461 5161.

	Index-linked Gilts (£)
	Levels		Flows
	Long	Short	Long	Short
Years Maturity	RPM
<1	ZL62	ZL6H	ZL6W	ZL7D
≥1, <2	ZL63	ZL6I	ZL6X	ZL7E
≥2, <3	ZL64	ZL6J	ZL6Y	ZL7F
≥3, <4	ZL65	ZL6K	ZL6Z	ZL7G
≥4, <5	ZL66	ZL6L	ZL72	ZL7H
≥5, <6	ZL67	ZL6M	ZL73	ZL7I
≥6, <7	ZL68	ZL6N	ZL74	ZL7J
≥7, <8	ZL69	ZL6O	ZL75	ZL7K
≥8, <9	ZL6A	ZL6P	ZL76	ZL7L
≥9, <10	ZL6B	ZL6Q	ZL77	ZL7M
≥10, <15	ZL6C	ZL6R	ZL78	ZL7N
≥15, <20	ZL6D	ZL6S	ZL79	ZL7O
≥20, <25	ZL6E	ZL6T	ZL7A	ZL7P
≥25, <30	ZL6F	ZL6U	ZL7B	ZL7Q
≥30	ZL6G	ZL6V	ZL7C	ZL7R