T38

1¾% Index-linked Treasury Gilt 2038 · GB00BMY62Z61
Real yield
2.11%
Impl. RPI growth
3.27%
Index ratio
1.04676
base RPI 397.60
Clean price
£96.245
Dirty price
£101.517
Accrued interest
£0.737
155 days
Market data as of 21 Aug 2026 · all figures assume a T+1 settlement.

Implied RPI growth against the curve

21 Aug 2026
Implied RPI growth is the spread between the nominal par curve and the real curve at the same maturity — the breakeven rate at which the two would pay the same.

Bond details

Ticker
T38
ISIN
GB00BMY62Z61
Coupon
1.75
Issued
11 Jun 2025
Matures
22 Sep 2038
12.09 years
Next coupon
22 Sep 2026
Macaulay duration
10.52
Modified duration
10.41
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