Table I

Selected gilt-edged stock (February 1996-January 1997)

Date characteristicsIndexed linkedFixed interest

Short dated →

Treas. 4 per cent 1998

Treas. 6 per cent 1999

Medium dated →

Treas. 2 per cent 2001

Treas. 7 per cent 2001

Long dated →

Treas. 2.5 per cent 2013

Treas. 8 per cent 2013

Very long and undated →

Treas. 4 per cent 2030

Treas. 2.5 per cent undated *

Note:*The one exception to a similar redemption date was undated 2.5 per cent consols which were compared with treasury 4.125 per cent index linked gilts redeemable in 2030 as the longest dated of the ILGs

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