A letter from the Bank of England describes purchases of index-linked and long-dated conventional bonds as purchases of "UK government bonds (gilts)"1. LDI funds held both long-dated conventional gilts and index-linked gilts2.

Notes

  1. Bank of England, "Letter from the Governor of the Bank of England to the Chancellor of the Exchequer (16 January 2023)" (checked on October 23, 2026), page 1. ↩

  2. Bank of England, "Financial Stability Report - December 2022" (checked on October 23, 2026), section 5.2. ↩