long gilt

These are converted to a present value using a discount rate - the long gilt yield.

She caught sight of herself in a long gilt mirror and smoothed her fair hair.

Hugo's restless eyes targeted a handsome dowager who stood in front of the long gilt mirrors.

It opened for business in September 1982 with three interest rate futures contracts (eurodollar, Long Gilt and Short Sterling) and four currency futures contracts.

Thus the Long Gilt suffered a mild setback in 1988 and 1989 as the public sector finances moved from deficit to surplus and the Treasury instituted a "buy-back" programme for long-dated gilts.

They locked and bolted every fire exit up to the ninth floor, and when they were there they took the added precaution of levering open the elevator doors and wedging them with a long gilt settee.

As traders attempted to hedge their positions that evening, the Short Sterling contract traded nearly 40 per cent of its daily turnover, and the Long Gilt futures contract 20 per cent, in just one hour on the APT system.

At the further end of the hall yawned a great fireplace of white marble, with the lions and lilies of the Somerset arms carved in oak above it, and a long gilt scroll bearing the family motto, "Mutare vel timere sperno."

In 1987 the Long Gilt future accounted for more than half the trades on LIFFE but, while still trading strongly, it had been relegated to third place by 1990, having been outstripped by both the new German Government bond ( "Bund" ) contract and the Short Sterling contract in importance.