UK government bond used to control the gilt market. Supplies may be turned on or off, hence the name; only a proportion is issued initially, the remainder being fed into the market by the government broker. Found on http://www.ft.com/Common/HelpPages/tools.help.glossaryt.html
UK government bond used to control the gilt market. Supplies may be turned on or off, hence the name; only a proportion is issued initially, the remainder being fed into the market by the government broker.