What the Hell are Gilts and Bonds Anyway?

The Bunker – News without the nonsense

Podmasters

News, Government, Politics, Society & Culture

4.6 • 1K Ratings

🗓️ 15 October 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

If talk of gilt markets, securities, and liabilities leaves you baffled – then fear not, we’ve got you covered. In just twenty minutes, Giles Wilkes, former economics special adviser to Theresa May and Vince Cable and now a senior fellow at the Institute of Government, explains to Alex Andreou what gilts are and why they are at the centre of the current economic storm. “The gilt market has never reacted this badly to anything in my memory.” “Interest rates play a billion roles in the economy…too many to point at one and say, it's better that it's higher.” “Market confidence will be restored. Eventually. But serious damage has been done in the eyes of international markets.” Support us on Patreon: www.patreon.com/bunkercast Written and presented by Alex Andreou. Lead Producer: Jacob Jarvis. Producers: Jacob Archbold, Jelena Sofronijevic and Alex Rees. Assistant producer: Kasia Tomasiewicz. Audio production by Jade Bailey. Music: Kenny Dickinson. Group editor: Andrew Harrison. THE BUNKER is a Podmasters Production. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:55.3	look after theirs with dental life. Pick up dental life in the pet food aisle. Hello and welcome to the bunker daily. I am your host Alexru. A guilt is a UK government liability in Sterling
1:17.0	issued by Her Majesty's Treasury and listed on the London Stock Exchange.
1:22.0	The guilt market is comprised of two different types of securities,
1:26.0	conventional gilts and index-linked gilts.
1:30.0	This is the description of g guilt on the government website.
1:34.0	If what you actually just heard was
1:36.0	Herdy, girdy, girdy government,
1:38.0	blah, blah, sterling yedder, yada,
1:40.0	fear not, you're not alone.
1:42.0	I promise you that in 20 minutes you will understand precisely what gilts are and why they are at the center of the current economic storm.
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