No. 015
Corporate bonds
Company debt, sold in large denominations to institutions, where you take credit risk for a spread over government yields.
No. 033High-yield bonds
Debt from borrowers the rating agencies do not trust, paying a large spread that is sometimes compensation and sometimes a w…
No. 034Index-linked gilts
Gilts whose coupon and principal rise with RPI, which makes them inflation protection with an unusually sharp set of teeth.
No. 061UK gilts
IOUs from HM Treasury: the benchmark for sterling interest rates, the backbone of UK pensions, and in 2022 the epicentre of …