UK 10-year nominal par gilt yield
UK 10-year nominal par gilt yield stood at 5.31% on Oct 15, 2026, according to Bank of England. It is one of the indicators in the Gilt yields table (Value · Daily), with a complete series running from Jan 4, 1982 to Oct 15, 2026. The complete series with an interactive chart, free to download.
This indicator in the Gilt yields table
| Indicator | 15-10-2026 | 14-10-2026 | 13-10-2026 | 12-10-2026 | 09-10-2026 | 08-10-2026 | 07-10-2026 | 06-10-2026 | 05-10-2026 | 02-10-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nominal par yields | |||||||||||
| 10-year nominal par yield | 5.31 | 5.38 | 5.39 | 5.39 | 5.4 | 5.43 | 5.39 | 5.34 | 5.36 | 5.33 | |
| 20-year nominal par yield | 5.64 | 5.72 | 5.73 | 5.73 | 5.75 | 5.79 | 5.76 | 5.7 | 5.74 | 5.69 |
Understanding UK 10-year nominal par gilt yield
Serving as the primary long-term reference rate for public sector borrowing across the United Kingdom, this daily coupon-equivalent yield measures the return demanded by investors for holding sovereign debt for a decade. The series aggregates pricing data from multiple conventional coupon-bearing gilts trading in the secondary market to construct a smoothed curve. In contrast to shorter durations, this benchmark absorbs structural shifts in long-term economic growth expectations and global capital flows, setting a baseline for corporate bonds and mortgages nationwide.
Evaluating this metric involves tracking persistent directional moves rather than daily volatility, as sudden market reactions to macroeconomic data releases frequently retrace. Comparing this nominal figure against its index-linked counterpart provides the standard market gauge for medium-to-long-term inflation expectations. Analysts must remain cautious when contrasting these secondary market yields with the original coupon rates printed on historical gilt certificates.
Frequently asked questions
- Why is the ten-year maturity considered a benchmark?
- It acts as the primary reference point for domestic borrowing costs, corporate debt pricing, and long-term economic sentiment.
- Does this series include index-linked debt?
- No, this measure is strictly confined to conventional nominal gilts that pay fixed cash sums.
- How frequently are these yields calculated?
- The figures are derived daily using secondary market transaction data across the trading session.