4¼% Treasury Gilt 2034

Bond pricer · ISIN GB00BQC82C90 · 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)
£94.33
Offer price (clean)
£94.52
Mid price (clean)
£94.43
Bid price (dirty)
£95.44
Offer price (dirty)
£95.63
Mid price (dirty)
£95.53

Settlement

Settlement date
2026-11-02
Days accrued
94
Accrued interest
£1.086

Key metrics

Gross yield (annual-compounded)
5.20%
DMO gross yield (semi-annual)
5.13%
Net yield at 40% tax (annual-compounded)
3.40%
Running yield
4.50%
Modified duration
6.40
Macaulay duration
6.74
Benchmark yield (continuously compounded annual)
5.10%
Vs fitted curve
−3 bp
Reference yield (convention not recorded)
—
Tenor band
5-10Y

Report vs live

live
Figure Report 30 Oct 2026 Live 02 Nov 2026, 12:20 GMT
Mid price (clean) £94.43 £94.64
Accrued interest £1.086 £1.097
Days accrued 94 95
Dirty price £95.52 £95.74
Gross yield 5.20% 5.16%
DMO gross yield (semi-annual) 5.13% 5.10%
Modified duration 6.40 6.40
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
TS34
ISIN
GB00BQC82C90
Coupon
4.250%
Type
Conventional
Matures
31 Jul 2034
First issued
2024-06-12
Next ex-dividend
2027-01-21
Next coupon
2027-01-31
Previous coupon
2026-07-31
Category
Medium
Amount in issue (£m)
36103

Net redemption yield by tax band

Income tax band Net redemption yield (annually compounded) Tax-equivalent yield (annually compounded)
0% 5.20% 5.20%
20% 4.30% 5.37%
22% 4.21% 5.39%
40% 3.40% 5.67%
42% 3.31% 5.71%
45% 3.18% 5.78%
47% 3.09% 5.83%
48% 3.04% 5.86%