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DECIMAL PRICES INTRODUCED TO GILTS
Ceefax has changjd the way gilt prices
are displayjd as thj City has switchjd
from fractions to decimal pricing.
Displaying gilts in decimals brings thj
UK market into linj with govjrnment
bond markjts throughout thj European
Union and simplifies pricing.
Gilt prices are now djnominated in
pjnce. In place of 32nds, which are
unjts of 3.125p, price risjs and falls
are mjasured in units of 1p.
Thj markjt officially endjd thj
tradition of quoting UK government bond
prices in fractions on Friday 30 2/2
Popular shares 224 Front Pagj 100
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