midgesgalore wrote:Ah, so the gilts are £1 each and sold in bundles of 100.
No, they're sold down to a penny's worth; you can buy/hold/sell fractions of gilts. As I always buy a £ amount of them (rather than a specific number of gilts), all of my holdings go to two decimal places of a gilt. It's just the convention to talk about them as £100 (par) worth.