15-Years Gilt Yields Chart


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30 September 2012 last updated

Gilt Yields - September 2012 review

Gilt Yields Table:
2013	Jan	Feb	-	-	-	-	-	-	-	-	-	-
2012	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2011	-	-	-	-	-	-	-	-	Sep	Oct	Nov	Dec
Click on the above links for previous month gilt yield reviews

15-Year Gilt Yields - September 2012

Latest yield:

1 month change:

3 month change:

6 month change:

1 year change:

2.16%

0.09%

0.13%

0.56%

0.75%

Fig 1: 15-year gilt yields chart showing rates to September 2012

Gilt yields increase as German court approves the ECB bailout plan

Find out more: annuity rates for September 2012

The 15-year gilt yields increased by 7 basis points during September 2.16% after being as high as 2.39% earlier in the month after German courts approved the bailout plan..

The European Central Bank (ECB) proposed a plan to buy unlimited amount of bonds from struggling member states as well as the European Stability Mechanism (ESM) and this was challenge by opponents claiming it was illegal. The German court ruling means that the ESM has been approved and can now be used to bailout struggling countries using a fund of 500 billion euros.

For September the yields range for the month was from 2.06% to 2.39% or 33 basis points which is more volatile than the previous month. Fig 2 below shows the daily 15-year gilt yields and the increase or decrease from the previous day's close:

15-Year Gilt Yields - September 2012

Mon 3rd

Tues 4th

Wed 5th

Thurs 6th

Fri 7th

2.08%
		0.01

2.06%
		0.02

2.07%
		0.01

2.15%
		0.08

2.13%
		0.02

Mon 10th

Tues 11th

Wed 12th

Thurs 13th

Fri 14th

2.18%
		0.05

2.18%

2.28%
		0.10

2.24%
		0.04

2.39%
		0.15

Mon 17th

Tues 8th

Wed 19th

Thus 20th

Fri 21st

2.36%
		0.03

2.32%
		0.04

2.27%
		0.05

2.23%
		0.04

2.28%
		0.05

Mon 24th

Tues 25th

Wed 26th

Thurs 27th

Fri 28th

2.26%
		0.02

2.16%

2.12%
		0.04

2.16%
		0.04

2.16%

Fig 2: Daily 15-year gilt yields and changes

Despite the increase in gilt yields annuity rates have reduced with standard, smoker and impaired annuities lower by up to 2.3%. Overall standard annuity rates are lower by 0.89% and smoker rates by 1.31%.

Although the data suggests that annuity rates can increase in October by between 1.74% to 2.21% the new EU Gender Directive is likely to force annuities lower during the rest of this year. For the latest updates see Annuity Rates Review.