1¾% Treasury Gilt 2037

Bond pricer · ISIN GB00BZB26Y51 · report 30 Oct 2026

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How to read this gilt

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Clean price is what the gilt costs before the interest already earned; dirty price adds that accrued interest and is the figure you actually pay. Accrued runs from the last coupon on an actual/actual day count, so it resets on the coupon date.

Gross redemption yield is the yield to maturity on the DMO's semi-annual convention — the number every gilt table quotes. Net figures deduct income tax at each band from the coupons and leave the capital gain alone, because gilts are CGT-exempt; the tax-equivalent column is what a taxable deposit would need to match.

An index-linked gilt's real figures come from the DMO's index ratio, and its nominal figures are that ratio applied to the real ones — so they move with published inflation rather than a forecast.

Prices

Bid price (clean)
£70.59
Offer price (clean)
£70.79
Mid price (clean)
£70.69
Bid price (dirty)
£70.87
Offer price (dirty)
£71.07
Mid price (dirty)
£70.97

Settlement

Settlement date
2026-11-02
Days accrued
56
Accrued interest
£0.271

Key metrics

Gross yield (annual-compounded)
5.42%
DMO gross yield (semi-annual)
5.35%
Net yield at 40% tax (annual-compounded)
4.54%
Running yield
2.48%
Modified duration
9.41
Macaulay duration
9.92
Benchmark yield (continuously compounded annual)
5.34%
Vs fitted curve
−7 bp
Reference yield (convention not recorded)
—
Tenor band
10-20Y

Report vs live

live
Figure Report 30 Oct 2026 Live 02 Nov 2026, 12:20 GMT
Mid price (clean) £70.69 £70.90
Accrued interest £0.271 £0.276
Days accrued 56 57
Dirty price £70.96 £71.18
Gross yield 5.42% 5.39%
DMO gross yield (semi-annual) 5.35% 5.32%
Modified duration 9.41 9.41
Settlement 2026-11-02 2026-11-03

Prices: Hargreaves Lansdown (delayed/indicative) — the live column is a complete valuation from that capture, on the capture's own settlement; the report column is the published close.

Bond details

Ticker
TG37
ISIN
GB00BZB26Y51
Coupon
1.750%
Type
Conventional
Matures
07 Sep 2037
First issued
2016-11-09
Next ex-dividend
2027-02-25
Next coupon
2027-03-07
Previous coupon
2026-09-07
Category
Medium
Amount in issue (£m)
32718

Net redemption yield by tax band

Income tax band Net redemption yield (annually compounded) Tax-equivalent yield (annually compounded)
0% 5.42% 5.42%
20% 4.98% 6.22%
22% 4.94% 6.33%
40% 4.54% 7.57%
42% 4.50% 7.76%
45% 4.44% 8.06%
47% 4.39% 8.29%
48% 4.37% 8.40%