Afternoon Rate Update

Good afternoon! Here’s your Local Authority Treasury update with the latest on PWLB rates.

Headline: "PWLB Rates Shift Slightly, But Not Enough to Break a Sweat!"

Notice Date: 29 December 2025
Reset Time: 12:30 PM

Maturity Rates

• 1y: 4.62% (+2bps)
• 3y: 4.79% (+2bps)
• 5y: 5.00% (+2bps)
• 10y: 5.56% (+3bps)
• 25y: 6.17% (+3bps)
• 50y: 5.93% (+3bps)

Rates have increased slightly across the board, with the 10-year and 25-year maturities seeing a notable rise of 3bps. While these changes are notable, they are unlikely to prompt immediate adjustments in borrowing strategies.

Afternoon Context

Since this morning, there have been no significant economic data releases. The market remains relatively quiet, with no major news developments impacting UK gilt yields. The slight uptick in PWLB rates may reflect broader market sentiments, but overall, the atmosphere remains stable as investors await further clarity on economic conditions.

Calendar Events

TODAY’S RELEASES:

• No significant economic releases reported since 9:30am.

REMAINING TODAY:

• No further significant economic releases scheduled.

THIS WEEK AHEAD:

• No additional releases scheduled in the next seven days.

This commentary is provided for informational purposes only and should not be construed as financial advice. Market conditions can change rapidly, and you should always verify current rates directly with the PWLB or through official channels before making borrowing decisions. Past performance is not indicative of future results.

Keep calm and carry on with your treasury tasks—smooth sailing ahead!