In the UK, stripping is all the rage. Today’s top film The Full Monty concerns a group of redundant steelworkers who take to striptease to make ends meet. And on December 8 the official gilt (UK government bond) strips facility will be initiated. Unlike the Sheffield strippers, the UK treasury hasn’t gone all the way. The stripping facility will be restricted to certain issues with the same coupon-redemption dates, so that the stripped coupons are more easily tradable.
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