giltsyield.com

Dirty price move

+£0.401

21 Jul 2026 → 20 Aug 2026

Start dirty price

£104.548

model £104.501

End dirty price

£104.949

model £104.791

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	+£0.367	The passage of time at an unchanged yield: the bond simply gets one period closer to redemption.
Rolldown	+£0.022	The yield change that comes from the shorter remaining maturity — rolling down the same curve.
Variation	-£0.136	The move in the curve itself between the two dates.
Unexplained	+£0.148	The residual between the traded prices and what carry, rolldown and variation account for.

The curve, then and now

Market data as of 21 Jul 2026 and 20 Aug 2026.

TR28

What moved the price

The curve, then and now

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