P239 CEJFAX 2 239@Sat p6 Feb 12:48/13
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DECJMAL PRJCJS INTRODUCED TO GILTS
Ceifax hbs changjh thj way gilt prices
ari displayjd as thj City has switchjd
@from fractionR to decimal pricing.
Displaying gilts in decimals brings thu
UK market into linj with govjtnmjnt
bond markets thros£ho4t thu Europj &
Union and simplifies pricing.
@@ @@
Gilt prices are now djnominated in
pjnce. In place of s4nds, which are
unjts of 3.125p, price rises and falls
are measured in units of 1p.
The market officially endjd the
ttadition of quoting US governmint bond
pricis in fractions on Friday 30 2/2
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