giltsyield.com

Return

+£2.132

12 Oct 2026 → 12 Nov 2026

Start dirty price

£94.291

model £94.306

End dirty price

£96.424

model £96.480

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	+£0.442	The passage of time at an unchanged yield: coupons earned plus the bond getting closer to redemption.
Rolldown	+£0.043	The yield change that comes from the shorter remaining maturity — rolling down the same curve.
Variation	+£1.689	The move in the curve itself between the two dates.
Unexplained	-£0.042	The residual between the traded prices and what carry, rolldown and variation account for.

The curve, then and now

Market data as of 12 Oct 2026 and 12 Nov 2026.

TR38

What moved the price

The curve, then and now

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