Market digest: housing association bond yields – December 2024
How did financial market movements and political swings affect housing association bonds in the secondary market in December 2024?
Picture: Alamy
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Gilt yields
9 September | 10 October | 13 November | 3 December | |
Two year | 3.99 | 4.23 | 4.49 | 4.21 |
Three year | 3.74 | 4.01 | 4.29 | 3.99 |
Four year | 3.69 | 3.96 | 4.25 | 3.94 |
Five year | 3.81 | 4.11 | 4.40 | 4.07 |
Seven year | 3.82 | 4.13 | 4.42 | 4.11 |
10 year | 3.93 | 4.22 | 4.50 | 4.22 |
15 year | 4.22 | 4.50 | 4.73 | 4.49 |
20 year | 4.41 | 4.69 | 4.89 | 4.69 |
25 year | 4.45 | 4.73 | 4.90 | 4.73 |
30 year | 4.48 | 4.75 | 4.90 | 4.75 |
40 year | 4.43 | 4.69 | 4.83 | 4.69 |
50 year | 4.03 | 4.26 | 4.36 | 4.18 |
Source: Aquila Treasury & Finance Solutions
Swap rates
| 9 September | 10 October | 13 November | 3 December | |
Two year | 3.96 | 4.13 | 4.33 | 4.10 |
Three year | 3.79 | 4.01 | 4.25 | 3.97 |
Four year | 3.69 | 3.93 | 4.18 | 3.88 |
Five year | 3.63 | 3.87 | 4.12 | 3.82 |
Seven year | 3.57 | 3.83 | 4.06 | 3.77 |
10 year | 3.60 | 3.86 | 4.05 | 3.79 |
15 year | 3.70 | 3.96 | 4.12 | 3.89 |
20 year | 3.75 | 4.00 | 4.15 | 3.94 |
25 year | 3.75 | 4.00 | 4.13 | 3.93 |
30 year | 3.73 | 3.98 | 4.09 | 3.90 |
40 year | 3.65 | 3.90 | 3.99 | 3.80 |
50 year | 3.56 | 3.80 | 3.87 | 3.69 |
Source: Aquila Treasury & Finance Solutions
UK Treasury reference gilts for housing association bond issues
Reference gilts: letters in brackets refer to bonds; see table below | Yield (%) at 03/12/2024 | Change on month (basis points) |
| (a) priced over: Treasury 1.25%, 2041 | 4.55 | -21 |
| (b) priced over: Treasury 1.25%, 2051 | 4.71 | -14 |
| (c) priced over: Treasury 4.50%, 2034 | 4.22 | -28 |
| (f) priced over: Treasury 2.00%, 2025 | 4.55 | -8 |
| (g) priced over: Treasury 5.00%, 2025 | 4.61 | -17 |
| (h) priced over: Treasury 6.00%, 2028 | 3.96 | -31 |
| (i) priced over: Treasury 4.75%, 2030 | 4.00 | -31 |
| (j) priced over: Treasury 4.25%, 2032 | 4.09 | -28 |
| (k) priced over: Treasury 4.25%, 2036 | 4.32 | -25 |
| (l) priced over: Treasury 3.25%, 2044 | 4.69 | -19 |
| (m) priced over: Treasury 4.75%, 2038 | 4.45 | -25 |
| (n) priced over: Treasury 4.50%, 2042 | 4.64 | -20 |
| (o) priced over: Treasury 1.75%, 2057 | 4.65 | -13 |
| (p) priced over: Treasury 3.50%, 2045 | 4.71 | -19 |
| (r) priced over: Treasury 4.25%, 2046 | 4.74 | -17 |
| (s) priced over: Treasury 4.25%, 2049 | 4.75 | -16 |
| (t) priced over: Treasury 3.75%, 2052 | 4.76 | -14 |
| (u) priced over: Treasury 4.25%, 2055 | 4.74 | -14 |
| (v) priced over: Treasury 1.50%, 2026 | 4.11 | -22 |
| (w) priced over: Treasury 1.50%, 2047 | 4.71 | -16 |
| (x) priced over: Treasury 1.63%, 2054 | 4.70 | -14 |
| (y) priced over: Treasury 0.625%, 2050 | 4.64 | -15 |
| (z) priced over: Treasury 1.25%, 2027 | 4.01 | -26 |
Source: UK Debt Management Office. Note: n/s not previously tracked by Social Housing
Housing association public issues, ranked by maturity date
| Securities above £100m (final brackets indicate reference gilt: see table above) | Rating: Moody’s / S&P / Fitch | Date of last issue | Nominal amount (£m) | Yield at last issue (%) | Margin at last issue (basis points) | Yield at 03/12/2024 (%) | Change on month (basis points) | Margin at 03/12/2024 (basis points) | Change on month (+ or -) |
| London & Quadrant 2.625%, 2026 (f) | A3/BBB+/A | 05/16 | £300 | 2.69 | 107 | 5.63 | -8 | 108 | +0 |
| Places for People 2.88%, 2026 (v) | A3/A-/A- | 08/16 | £400 | 2.45 | 179 | 5.16 | -24 | 105 | -2 |
| PRS Finance 1.75%, 2026 (v) | Aa3/–/– | 11/16 | £582 | 1.89 | 46 | 4.59 | -21 | 48 | +1 |
| Folio Residential London 1.246%, 2027 (z) | Aa1/–/– | 10/20 | £250 | 1.25 | 128 | 5.17 | -30 | 116 | -3 |
| London & Quadrant 2.63%, 2028 (h) | A3/BBB+/A | 02/18 | £250 | 2.74 | 118 | 5.12 | -31 | 116 | +0 |
| A2Dominion 3.5%, 2028 (h) | –/–/A | 11/16 | £250 | 3.81 | 230 | 5.56 | -31 | 160 | +0 |
| London & Quadrant 2.25%, 2029 (h) | A3/BBB+/A | 07/17 | £250 | 2.20 | 100 | 5.00 | -31 | 105 | -0 |
| Clarion Funding 2.63%, 2029 (h) | A3/A-/A+ | 01/19 | £300 | 2.72 | 148 | 4.94 | -33 | 98 | -2 |
| Notting Hill Genesis 2.88%, 2029 (h) | A3/A-/A- | 01/19 | £250 | 2.97 | 173 | 5.10 | -24 | 115 | +7 |
| Sanctuary 8.37%, 2031 (h) | A2/A/– | 05/98 | £90 | 6.76 | 90 | 5.44 | -29 | 148 | +2 |
| Places for People 5.88%, 2031 (i) | A3/A-/A- | 05/11 | £175 | 5.79 | 170 | 5.39 | -30 | 139 | +1 |
| Notting Hill 3.75%, 2032 (j) | A3/A-/A- | 12/12 | £350 | 3.75 | 108 | 5.38 | -12 | 129 | +17 |
| London & Quadrant 2.00%, 2032 (j) | A3/BBB+/A | 01/22 | £300 | 2.03 | 87 | 5.12 | -27 | 104 | +1 |
| Aster Treasury 5.412%, 2032 (j) | –/A+/– | 06/23 | £250 | 5.41 | 110 | 5.02 | -31 | 93 | -3 |
| London & Quadrant 4.62%, 2033 (j) | A3/BBB+/A | 03/12 | £250 | 4.62 | 157 | 5.24 | -29 | 115 | -0 |
| Quadrant HF 7.90%, 2018/33 (h) | A3/BBB+/A | 02/98 | £130 | 6.92 | 86 | 5.40 | -30 | 144 | +1 |
| Harbour Funding 5.28%, 2034 (j) | A3/A-/– | 08/03 | £206 | 5.28 | 58 | 5.37 | -29 | 129 | -0 |
| Peabody Capital No 2 2.75%, 2034 (c) | A3/A-/A | 02/22 | £350 | 2.85 | 125 | 5.39 | -29 | 116 | -1 |
| THFC (Funding No.1) 5.12%, 2035 (k) | –/A+/– | 07/08 | £223 | 5.96 | 135 | 5.65 | -24 | 96 | -5 |
| Clarion 1.875%, 2035 (c) | A3/A-/A+ | 01/20 | £350 | 1.88 | 98 | 5.25 | -30 | 103 | -2 |
| Optivo 2.857%, 2035 (c) | A3/–/– | 03/20 | £250 | 2.86 | 230 | 5.48 | -29 | 126 | -1 |
| Aster 1.405%, 2036 (k) | –/A+/– | 01/21 | £250 | 1.40 | 80 | 5.52 | -19 | 83 | +1 |
| Notting Hill 2.00%, 2036 (k) | A3/A-/A- | 06/21 | £250 | 2.08 | 100 | 5.94 | -11 | 124 | +8 |
| Paragon 2.00%, 2036 (k) | A3/BBB+/– | 05/21 | £300 | 2.03 | 87 | 5.94 | -19 | 125 | +0 |
| Metropolitan Housing Trust 1.875%, 2036 (k) | –/A-/– | 07/21 | £250 | 2.00 | 115 | 5.78 | -20 | 109 | -1 |
| Stonewater 1.625%, 2036 (k) | A3/A-/– | 09/21 | £250 | 1.75 | 85 | 5.61 | -21 | 92 | -2 |
| Southern 2.375%, 2036 (k) | A3/–/A | 10/21 | £300 | 2.50 | 130 | 5.95 | 21 | 125 | -2 |
| Home 8.75%, 2037 (k) | –/A-/– | 07/93 | £100 | 8.75 | 110 | n/s | n/s | n/s | n/s |
| Haven (37) 8.12%, 2037 (i) | Baa1/BBB+/– | 08/00 | £145 | 6.78 | 200 | 5.57 | -40 | 156 | -9 |
| Affinity Sutton 5.98%, 2038 (m) | A3/A-/– | 09/08 | £250 | 5.98 | 155 | 5.49 | -26 | 104 | -0 |
| Circle Anglia 7.25%, 2038 (m) | A3/A-/– | 11/10 | £385 | 5.38 | 110 | 5.54 | -25 | 108 | -0 |
| Longhurst 5.13%, 2038 (m) | A3/–/– | 07/12 | £250 | 5.24 | 242 | 5.57 | -26 | 112 | -1 |
| RSL Finance (No.1) 6.62%, 2038 (m) | A2/–/– | 06/03 | £343 | 5.37 | 95 | 5.53 | -31 | 108 | -6 |
| GB Social Housing 5.19%, 2038 (m) | –/A-/– | 05/14 | £324 | 4.82 | 150 | n/s | n/s | 119 | n/s |
| MORhomes 3.4%, 2038 (m) | –/A-/– | 03/21 | £453 | 2.78 | 130 | 5.57 | -29 | 112 | -4 |
| London & Quadrant 2.00%, 2038 (m) | A3/BBB+/A | 10/20 | £250 | 2.07 | 140 | 5.59 | -25 | 114 | +0 |
| Southern 4.50-5.36%, 2039 (m) | A3/–/A | 03/14 | £175 | 4.50 | 120 | n/s | n/s | n/s | n/s |
| Genfinance II 6.06%, 2039 (m) | A3/A-/A | 12/09 | £250 | 6.06 | 170 | 5.69 | -17 | 124 | +8 |
| London & Quadrant 5.50%, 2039 (m) | A3/BBB+/A | 01/10 | £300 | 5.55 | 115 | 5.49 | -26 | 104 | -1 |
| Sanctuary 6.69%, 2039 (m) | A2/A/– | 09/10 | £320 | 4.85 | 100 | 5.30 | -28 | 85 | -2 |
| Sovereign 5.70%, 2039 (m) | A3/A/– | 08/09 | £175 | 5.70 | 155 | 5.47 | -26 | 102 | -1 |
| THFC (Funding No.2) 6.35%, 2039 (m) | –/A+/– | 04/11 | £371 | 5.39 | 105 | 5.41 | -27 | 96 | -2 |
| Hyde 5.12%, 2040 (m) | –/A-/A | 07/10 | £250 | 5.12 | 105 | 5.29 | -27 | 84 | -2 |
| Moat 5.10%, 2041 (m) | A2/–/– | 09/11 | £300 | 5.10 | 147 | 5.38 | -24 | 93 | +1 |
| Platform 1.926%, 2041 (a) | –/A+/A+ | 09/21 | £250 | 1.93 | 87 | 5.26 | -22 | 72 | -2 |
| Midland Heart 5.08%, 2042 (n) | A1/–/– | 10/12 | £150 | 5.08 | 196 | n/s | n/s | n/s | n/s |
| Affinity Sutton 4.25%, 2042 (n) | A3/A-/– | 09/12 | £250 | 4.31 | 125 | 5.64 | -20 | 100 | -1 |
| East Thames 5.48%, 2042 (n) | A3/BBB+/A+ | 06/12 | £250 | 5.47 | 250 | 5.65 | -21 | 101 | -2 |
| Notting Hill 5.25%, 2042 (n) | A3/A-/A- | 07/11 | £300 | 5.28 | 120 | 5.88 | -10 | 124 | +9 |
| SHG Finance 6.38%, 2042 (j) | –/A-/– | 06/01 | £240 | 6.38 | 138 | 5.39 | -32 | 130 | -3 |
| Sovereign 4.76%, 2042 (n) | A3/A/– | 05/12 | £250 | 4.77 | 170 | 5.56 | -21 | 92 | -1 |
| Together 4.5%, 2042 (m) | A3/–/– | 12/12 | £350 | 4.50 | 145 | 5.52 | -27 | 106 | -2 |
| Great Places 4.75%, 2042 (n) | A3/–/A | 11/12 | £345 | 4.81 | 170 | 5.59 | -22 | 95 | -2 |
| Hastoe 5.60%, 2042 (n) | A3/–/– | 11/14 | £200 | 4.27 | 144 | 5.79 | -19 | 115 | +1 |
| Saxon Weald 5.37%, 2042 (k) | A3/–/– | 05/12 | £225 | 5.49 | 248 | 5.98 | -18 | 129 | +1 |
| WM Housing Group 4.62%, 2042 (n) | A3/–/– | 01/20 | £260 | 2.60 | 155 | 5.65 | -19 | 101 | +1 |
| Affordable Housing Finance 3.80%, 2042 (n) | –/AA/– | 05/14 | £601 | 3.71 | 37 | 4.98 | -19 | 34 | +1 |
| Aster 4.59%, 2043 (n) | –/A/– | 12/13 | £450 | 4.59 | 105 | 5.37 | -24 | 73 | -4 |
| Longhurst 3.25%, 2043 (n) | A3/–/– | 05/18 | £350 | 3.35 | 148 | 5.66 | -21 | 102 | -1 |
| THFC (Funding No.3) 5.17%, 2043 (n) | –/A+/– | 10/13 | £1,055 | 4.50 | 105 | 5.48 | -22 | 84 | -2 |
| Optivo 5.25%, 2043 (n) | A3/–/– | 09/13 | £300 | 4.68 | 215 | 5.76 | -18 | 112 | +2 |
| CHP 4.75%, 2043 (n) | –/A-/– | 03/21 | £250 | 2.58 | 133.5 | 5.68 | -19 | 104 | +1 |
| Affordable Housing Finance 2.89%, 2043 (n) | –/AA/– | 08/15 | £1,143 | 2.82 | 40 | 4.97 | -20 | 33 | +0 |
| Peabody (Capital No.2) 5.25%, 2043 (n) | A3/A-/A | 11/13 | £200 | 4.63 | 105 | 5.60 | -21 | 96 | -1 |
| Home Group 3.13%, 2043 (n) | –/A-/– | 03/19 | £350 | 3.25 | 170 | 5.66 | -22 | 102 | -2 |
| LiveWest 2.25%, 2043 (n) | A2/–/– | 10/19 | £250 | 2.35 | 140 | 5.39 | -22 | 75 | -2 |
| Circle Anglia 5.20%, 2044 (n) | A3/A-/– | 02/12 | £250 | 5.22 | 198 | 5.68 | -20 | 104 | -0 |
| Guinness 4.00%, 2044 (n) | A3/A-/– | 10/14 | £250 | 4.02 | 130 | 5.52 | -21 | 88 | -1 |
| Riverside 3.87%, 2044 (n) | Baa1/–/A | 11/14 | £250 | 3.87 | 135 | 5.91 | -22 | 127 | -3 |
| Wheatley 4.37%, 2044 (n) | –/A+/– | 11/14 | £300 | 4.37 | 160 | 5.47 | -22 | 83 | -2 |
| BPHA 4.81%, 2044 (n) | –/A+/– | 03/14 | £350 | 4.81 | 135 | 5.49 | -22 | 85 | -2 |
| East Midlands 4.50%, 2044 (n) | –/A/– | 01/14 | £200 | 4.59 | 108 | 5.52 | -19 | 88 | +1 |
| Grand Union 4.62%, 2044 (n) | A3/–/– | 11/13 | £150 | 4.66 | 114 | 5.94 | -19 | 130 | +1 |
| Yorkshire 4.12%, 2044 (n) | A3/–/– | 10/14 | £200 | 4.23 | 135 | 5.75 | -18 | 111 | +2 |
| Futures Treasury 3.375%, 2044 (l) | –/A/– | 04/22 | £270 | 2.31 | 25 | 5.55 | -20 | 86 | -1 |
| Orbit 3.5%, 2045 (p) | A3/–/– | 03/15 | £250 | 3.61 | 115 | 5.57 | -20 | 85 | -1 |
| WHG 4.25%, 2045 (n) | A2/–/– | 10/14 | £250 | 4.28 | 125 | 5.57 | -22 | 93 | -2 |
| Cambridgeshire Housing Capital 4.25%, 2045 (p) | –/A+/– | 09/14 | £150 | 4.39 | 120 | 5.44 | -18 | 73 | +1 |
| Housing & Care 21 3.29%, 2047 (w) | –/A-/– | 11/17 | £500 | 3.16 | 138 | 5.73 | -15 | 102 | +1 |
| Paragon 3.62%, 2047 (p) | A3/BBB+/– | 01/15 | £250 | 3.62 | 140 | 5.94 | -20 | 123 | -1 |
| Sanctuary 5.08%, 2047 (r) | A2/A/– | 11/13 | £450 | 4.20 | 78 | 5.56 | -22 | 82 | -5 |
| Catalyst 3.13%, 2047 (w) | –/A-/– | 10/17 | £400 | 3.21 | 130 | 5.73 | -18 | 102 | -2 |
| Karbon Homes 3.37%, 2047 (w) | –/A/– | 11/18 | £250 | 3.50 | 153 | 5.53 | -17 | 82 | -1 |
| Southern Housing Group 3.50%, 2047 (w) | A3/–/A | 10/18 | £300 | 3.62 | 158 | 5.84 | -17 | 113 | -1 |
| GreenSquare, 5.25%, 2047 (w) | Baa1/–/A- | 11/22 | £400 | 5.40 | 210 | 5.86 | -17 | 115 | -1 |
| Bromford 3.13%, 2048 (w) | A2/A+/– | 04/18 | £300 | 3.25 | 135 | 5.46 | -18 | 75 | -1 |
| Clarion Funding 3.13%, 2048 (w) | A3/A-/A+ | 01/21 | £500 | 1.77 | 88 | 5.62 | -18 | 92 | -1 |
| Metropolitan 4.12%, 2048 (r) | –/A-/– | 09/15 | £250 | 4.12 | 167 | 5.99 | -20 | 125 | -3 |
| Optivo Finance 3.28%, 2048 (w) | A3/–/– | 03/18 | £250 | 3.28 | 100 | 5.77 | -20 | 107 | -3 |
| Swan 3.62%, 2048 (p) | –/A/– | 02/15 | £250 | 3.68 | 130 | 5.72 | -20 | 101 | -1 |
| Notting Hill 3.25%, 2048 (w) | A3/A-/A- | 10/17 | £400 | 3.28 | 135 | 5.84 | -3 | 114 | +14 |
| WM Housing Group 3.25%, 2048 (w) | A3/–/– | 10/17 | £280 | 3.30 | 137 | 5.67 | -17 | 97 | -0 |
| RHP 3.25%, 2048 (p) | –/A/– | 09/20 | £175 | 1.79 | 105 | 5.46 | -19 | 75 | +0 |
| Orbit 3.4%, 2048 (n) | A3/–/– | 06/18 | £450 | 3.46 | 160 | 5.54 | -22 | 90 | -3 |
| Peabody 3.25%, 2048 (w) | A3/A-/A | 09/18 | £450 | 3.37 | 155 | 5.74 | -18 | 103 | -1 |
| Wrekin 2.5%, 2048 (w) | –/A/– | 10/19 | £250 | 2.61 | 148 | 5.59 | -17 | 89 | -1 |
| Sovereign 2.375%, 2048 (w) | A3/A/– | 09/19 | £375 | 2.48 | 127 | 5.62 | -17 | 91 | -1 |
| Hexagon 3.625%, 2048 (w) | –/BBB+/– | 04/22 | £250 | 3.67 | 167 | 6.03 | -18 | 132 | -2 |
| London & Quadrant 3.75%, 2049 (s) | A3/BBB+/A | 10/15 | £250 | 3.75 | 135 | 5.74 | -17 | 99 | -1 |
| Blend Funding Plc 3.46%, 2047/49 (w) | A2/–/– | 03/22 | £588 | 3.56 | 158 | 5.61 | -16 | 90 | +0 |
| Incommunities 3.3%, 2049 (s) | –/A/– | 03/19 | £250 | 3.29 | 157 | 5.62 | -17 | 87 | -1 |
| Accent Capital 2.63%, 2049 (s) | –/A/– | 07/19 | £350 | 2.73 | 130 | 5.59 | -17 | 84 | -1 |
| Sanctuary 2.375%, 2050 (s) | A2/A/– | 04/20 | £350 | 2.38 | 170 | 5.57 | -18 | 82 | -2 |
| Platform 5.342%, 2050 (y) | –/A+/A+ | 04/24 | £250 | 5.34 | 83 | 5.51 | -17 | 87 | -2 |
| Beyond Housing 2.125%, 2051 (y) | A2/–/– | 05/21 | £250 | 2.22 | 90 | 5.46 | -13 | 82 | +2 |
| Paradigm 2.250%, 2051 (y) | –/A+/– | 05/21 | £250 | 2.28 | 88 | 5.40 | -17 | 76 | -2 |
| Anchor Hanover Group 2.00%, 2051 (y) | –/A+/– | 07/21 | £350 | 2.00 | 93 | 5.47 | -17 | 82 | -3 |
| Clarion Funding Plc 1.875%, 2051 (b) | A3/A-/A+ | 09/21 | £300 | 1.98 | 93 | 5.58 | -15 | 87 | -1 |
| Saltaire 1.527%, 2051 (b) | Aa3/–/– | 11/21 | £350 | 1.53 | 38 | 5.07 | -15 | 35 | -1 |
| Martlet Homes Ltd 3.00%, 2052 (t) | –/A-/A | 05/17 | £400 | 3.04 | 140 | 5.59 | -14 | 83 | -0 |
| PenArian Housing Finance Plc 3.21%, 2052 (w) | A3/A/– | 06/17 | £250 | 3.26 | 155 | 5.68 | -16 | 98 | -0 |
| Jigsaw, 3.375%, 2052 (t) | A2/–/– | 05/22 | £360 | 3.50 | 157 | 5.54 | -15 | 78 | -1 |
| London & Quadrant 3.13%, 2053 (t) | A3/BBB+/A | 02/18 | £335 | 3.16 | 135 | 5.70 | -15 | 94 | -1 |
| Peabody 4.62%, 2053 (t) | A3/A-/A | 12/13 | £350 | 4.62 | 105 | 5.73 | -14 | 97 | -0 |
| Onward 2.125%, 2053 (t) | A1/–/– | 03/21 | £350 | 2.22 | 88 | 5.70 | -15 | 95 | -2 |
| Notting Hill 4.37%, 2054 (u) | A3/A-/A- | 03/14 | £250 | 4.47 | 98 | 5.87 | +5 | 112 | +19 |
| Blend Funding Plc 2.922%, 2054/56 (x) | A2/–/– | 03/22 | £607 | 2.25 | 115 | 5.46 | -15 | 76 | -1 |
| Southern Housing 5.625%, 2054 (x) | A3/–/A | 10/24 | £250 | 5.66 | 120 | 5.82 | -13 | 112 | +0 |
| Guinness 2.00%, 2055 (u) | A3/A-/– | 04/20 | £400 | 2.02 | 145 | 5.53 | -15 | 78 | -1 |
| Hyde 1.75%, 2055 (u) | –/A-/A | 08/20 | £400 | 1.75 | 130 | 5.54 | -14 | 79 | -0 |
| Platform 1.625%, 2055 (u) | –/A+/A+ | 08/20 | £350 | 1.63 | 97.6 | 5.48 | -15 | 74 | -1 |
| LiveWest 1.875%, 2056 (u) | A2/–/– | 02/21 | £250 | 1.90 | 90 | 5.53 | -16 | 79 | -2 |
| London & Quadrant 2.75%, 2057 (u) | A3/BBB+/A | 07/17 | £250 | 2.70 | 105 | 5.73 | -15 | 98 | -1 |
| Sovereign 5.5%, 2057 (o) | A3/A/– | 01/24 | £400 | 5.60 | 108 | 5.64 | -15 | 99 | -2 |
| Clarion 5.375%, 2057 (o) | A3/A-/A+ | 04/24 | £250 | 5.46 | 98.68 | 5.59 | -15 | 94 | -2 |
Notes: Notting Hill Genesis’ bonds were suspended at the time of this data; n/s = not stated: rarely traded and considered to be currently illiquid. Also includes FRESH Series 1, Funding for Homes, GESB, HACO, HAF and HSL, not listed above. n/a = new bond; credit ratings are included as at the date of the bond data supplied
Sources: Markit, Royal Bank of Canada Capital Markets, Royal Bank of Scotland; (bracket) UK Treasury reference gilts for bond issues: © 2024 Tradeweb Markets LLC. All rights reserved. The Tradeweb FTSE Gilt Closing; Prices information contained herein is proprietary to Tradeweb; may not be copied or re-distributed; is not warranted to be accurate, complete or timely; and does not constitute investment advice. Tradeweb is not responsible for any loss or damage that might result from the use of this information
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