Gilts Financial News

Issuing index-linked gilts was also said to ‘underline the government’s stated commitment to low and stable inflation, reducing investors’ perception of inflation risk and hence the yields they seek on nominal gilts’.

The value of the pound declined slightly against the dollar following Chancellor Jeremy Hunt’s speech, from $1.254 to $1.246.

Investors were taking advantage of high interest rates by moving their money into the bond market, 'where they are finally being rewarded with attractive yields'.

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«Second, this inclusion, JP Morgan GBI-EM diversified 110 inclusion, obviously it is good news for the country, for the bond markets and what is good news for bond markets is obviously also good news for primary dealers like PNB Gilts,» says Vikas Goel, MD, PNB Gilts.PNB Gilts is in the business of debt broking. Now that the bond market will open up, how will life change for PNB Gilts?So first, let me clarify, we are not a debt broker; we are a primary dealer in government securities, the only listed primary dealer. So our license is primarily focused on allowing us to be a market maker and supporting the government's borrowing program via being an underwriter. So we are essentially not a broker, we are a dealer. Second, this inclusion, JP Morgan GBI-EM diversified 110 inclusion, obviously it is good news for the country, for the bond markets and what is good news for bond markets is obviously also good news for primary dealers like PNB Gilts.

PNB Gilts Limited, a company listed on the NSE and BSE, reported its unaudited financial results for the quarter ended June 30, 2023. The company achieved a robust total revenue of ₹44,292.87 lakh, showing a YoY growth of 27.6%. The revenue included interest income, fees and commission income, and gains from securities.

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Investors will soon be able to trade digital versions of FTSE100 shares and UK government bonds on the blockchain, as digital assets firm Archax gears up to issue prototypes of both this week.

Nobody comes out of the pensions fund and gilt market debacle looking good. But it appears as if it could be Bank of England governor Andrew Bailey that takes the biggest hit to his reputation (apart from Liz Truss and Kwasi Kwarteng, of course). Bailey has made mistakes, but this loss of credibility may turn out to be unfair.