Morning Rate Update

Headline

PWLB Rates Hold Steady, Market Takes a Breather

Notice Details

PWLB Interest Rate Notice Number 504/25, AM reset, published at 09:04 on December 31, 2025.

Maturity Rates

• 1y: 4.57% (0)
• 3y: 4.76% (-1)
• 5y: 4.98% (0)
• 10y: 5.54% (0)
• 25y: 6.15% (0)
• 50y: 5.91% (0)

Notably, the 3-year rate has dipped by 1 basis point, while the rest of the maturities remain unchanged, indicating a rather uneventful day in the PWLB market.

Market Context

The current yield curve appears relatively flat, with only the 3-year maturity showing a minor decline. Today, no significant economic releases have been reported, leaving the market in a state of anticipation. In the news, UK investment figures have drawn attention, with the country lagging behind other G7 nations, which could influence future borrowing strategies. Additionally, the London stock market is closing out the year on a high note, potentially affecting investor sentiment towards government securities. Overall, the market seems to be holding its breath, waiting for clearer signals in the coming weeks.

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: in treasury management, patience is a virtue—especially when rates are as stable as a well-balanced budget.