2) The UK Debt Management Office provides information on all issued gilts. The close prices have been published on Tradeweb.

Gilt name	Close of Business Date	ISIN	Type	Coupon	Maturity	Clean Price	Dirty Price	Yield	Mod Duration	Accrued Interest
UKT 0.375 10/30	30/09/2020	GB00BL68HH02	Conventional	0.375	22/10/2030	101.140	101.284467	0.260087	9.853927	0.144467

Gilt name	Close of Business Date	ISIN	Type	Coupon	Maturity	Clean Price	Dirty Price	Yield	Mod Duration	Accrued Interest
UKT 1.75 09/37	30/09/2020	GB00BZB26Y51	Conventional	1.750	07/09/2037	118.120	118.236022	0.621025	14.883980	0.116022

1. Using the above resources, characterise the following financial instruments: 0 3/8% Treasury Gilt 2030 (ISIN Code: GB00BL68HH02) and 134% Treasury Gilt 2037 (ISIN Code: GB00BZB26Y51).
2. Explain how to calculate the interest rates on these financial instruments on September 30, 2020. Provide details for the steps and your results.
3. Describe the term structure of these two interest rates calculated, and use the theories of the term structure you learned from the module to explain the observed term structure.