giltsyield.com

Return

-£0.381

04 Sep 2026 → 02 Oct 2026 · includes £0.088 coupon

Start dirty price

£109.534

model £74.219

End dirty price

£109.065

model £73.232

Mark-to-market is the traded price; mark-to-model discounts the remaining flows along the fitted curve. The decomposition below is computed on the model prices.

What moved the price

Effect	Contribution	What it is
Carry	+£0.754	The passage of time at an unchanged yield: coupons earned plus the bond getting closer to redemption.
Rolldown	+£0.049	The yield change that comes from the shorter remaining maturity — rolling down the same curve.
Variation	-£1.703	The move in the curve itself between the two dates.
Unexplained	+£0.518	The residual between the traded prices and what carry, rolldown and variation account for.

The curve, then and now

Market data as of 04 Sep 2026 and 02 Oct 2026.

TG39

What moved the price

The curve, then and now

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