4% Treasury Gilt 2060

Bond pricer · ISIN GB00B54QLM75 · 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)
£75.19
Offer price (clean)
£75.67
Mid price (clean)
£75.43
Bid price (dirty)
£76.33
Offer price (dirty)
£76.81
Mid price (dirty)
£76.57

Settlement

Settlement date
2026-11-02
Days accrued
103
Accrued interest
£1.120

Key metrics

Gross yield (annual-compounded)
5.73%
DMO gross yield (semi-annual)
5.65%
Net yield at 40% tax (annual-compounded)
3.72%
Running yield
5.30%
Modified duration
15.75
Macaulay duration
16.65
Benchmark yield (continuously compounded annual)
5.64%
Vs fitted curve
−7 bp
Reference yield (convention not recorded)
—
Tenor band
20Y+

Report vs live

live
Figure Report 30 Oct 2026 Live 02 Nov 2026, 12:20 GMT
Mid price (clean) £75.43 £75.74
Accrued interest £1.120 £1.130
Days accrued 103 104
Dirty price £76.55 £76.87
Gross yield 5.73% 5.70%
DMO gross yield (semi-annual) 5.65% 5.62%
Modified duration 15.75 15.78
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
TR60
ISIN
GB00B54QLM75
Coupon
4.000%
Type
Conventional
Matures
22 Jan 2060
First issued
2009-10-22
Next ex-dividend
2027-01-13
Next coupon
2027-01-22
Previous coupon
2026-07-22
Category
Long
Amount in issue (£m)
25722

Net redemption yield by tax band

Income tax band Net redemption yield (annually compounded) Tax-equivalent yield (annually compounded)
0% 5.73% 5.73%
20% 4.72% 5.89%
22% 4.62% 5.92%
40% 3.72% 6.20%
42% 3.62% 6.25%
45% 3.48% 6.32%
47% 3.38% 6.38%
48% 3.33% 6.41%