TR31 is an index-linked gilt, an inflation linked UK government bond that pays two cash payments per year. The value of the cash payment is variable as it takes into account the accrued inflation since TR31 was first issued on 28-Jan-2021. The current real yield of TR31 is 0.582%, where real yield is a measure of the expected return above inflation if TR31 is held until the maturity date of 10-Aug-2031. A full list of all index-linked gilts currently in issue, along with their real yields, can be found on the index-linked gilt price and yields page.