Morning Rate Update

Headline

PWLB Rates Take a Gentle Dip as Year-End Approaches

Notice Details

PWLB Interest Rate Notice Number 502/25
Rates reset PM on December 30, 2025, at 09:11.

Maturity Rates

• 1y: 4.58% (-4bps)
• 3y: 4.78% (-1bps)
• 5y: 4.99% (-1bps)
• 10y: 5.55% (-1bps)
• 25y: 6.16% (-1bps)
• 50y: 5.92% (-1bps)

Notably, the 1-year rate has decreased by a modest 4 basis points, while the rest of the maturities have remained relatively stable, with changes of 1 basis point or less.

Market Context

The yield curve appears to be flattening slightly, with the short end seeing a more pronounced dip compared to the longer maturities. Today, there are no significant GBP economic releases scheduled, which may contribute to the subdued market activity. In the news, UK consumers are reportedly cutting back on spending amid economic uncertainty, which could influence future monetary policy. Additionally, global stock markets are experiencing mixed signals, with European stocks steadying as trading thins ahead of the New Year. These factors may be keeping investors cautious, reflected in the minor adjustments to PWLB rates.

Calendar Events

TODAY’S RELEASES:

No significant economic releases scheduled.

REMAINING TODAY:

No significant economic releases scheduled.

THIS WEEK AHEAD:

No significant economic releases scheduled.

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.

As we wrap up the year, remember: even the rates need a holiday! Wishing you a smooth transition into 2026.