Archive
PWLB briefings — February 2026
63 briefings across 20 trading days.
27 February 2026
- Morning Rate Update PWLB Rates: “Four Down, None Out—PWLB Trims the Edges” Notice Details PWLB Interest Rate Notice 081/26 Fixed rates for transactions agreed after 09:11 AM on 27 February 2026 . Maturity…
- Morning PWLB Predictions PWLB Reset Preview – 27 February 2026, 11:39 Little changed so far; predictions reflect small/no move. Gilts Snapshot 2y: 3.530% (-2bp) — modest front-end rally 10y: 4.267% (-1bp) — belly…
- Afternoon Rate Update PWLB PM Update: 27 February 2026, 12:12 PWLB fixed rates were marked modestly lower across the curve at the 12:12 reset, with moves of -1bp to -2bp; little changed overall. PWLB PM Snapshot…
- End of Day Wrap-Up Gilt yields ended the day modestly lower across most maturities, resulting in small declines in PWLB rates at nearly all tenors. GILT MOVE SUMMARY 1y: 3.524% (-3bp) — Short end declined…
26 February 2026
- Morning Rate Update Headline: Rates Take a Gentle Dip, Not Quite a Splash PWLB Interest Rate Notice Number 079/26, AM reset at 09:05 on 26 February 2026. Maturity Rates: 1y: 4.49% (-1) 3y: 4.60% (-1) 5y: 4.81%…
- Morning PWLB Predictions Gilt Yields Dip as 2Y Leads the Way Down, PWLB Predictions Reflect Volatility Gilt Market Analysis The UK gilt market is experiencing modest movements this morning, with notable changes in…
- Afternoon Rate Update Good afternoon! Here’s your update on the latest PWLB rates and market context. Headline: Rates Hold Steady, Like a Well-Behaved Child PWLB Interest Rate Notice Number 080/26, PM reset at…
- End of Day Wrap-Up Gilt Markets Take a Dive: 1Y Yield Drops 10bps! Gilt Market Analysis Today, the gilt market experienced notable volatility, particularly in the short end of the curve. The 1Y yield fell by…
25 February 2026
- Morning Rate Update PWLB Rates Take a Gentle Stroll: Just a Few Bumps on the Road Notice Details PWLB Interest Rate Notice Number 077/26, AM reset, published at 09:09 on 25 February 2026. Maturity Rates 1y…
- Morning PWLB Predictions Gilt Market Update: 2bps Up for 30Y, PWLB Predictions in Focus Gilt Market Analysis The gilt market is experiencing slight upward movements today, with notable changes across various…
- Afternoon Rate Update Hello again! Here’s your afternoon update on the latest PWLB rates and market movements. Headline PWLB Rates Take a Slight Turn: A Gentle Nudge Upwards Notice Details PWLB Interest Rate…
- End of Day Wrap-Up Gilt Markets Take a Breather: 30Y Yield Climbs 2bps Amid Calm Waters Gilt Market Analysis Today, the gilt market exhibited modest movements, with the 30Y yield rising by 2bps to 5.131%…
24 February 2026
- Morning Rate Update Headline: Rates Take a Gentle Dip, but No Need for Dramatic Headlines Notice Date: 24 February 2026, AM reset at 09:29 Maturity Rates 1y: 4.47% (-2bps) 3y: 4.59% (-3bps) 5y: 4.80% (-4bps)…
- Morning PWLB Predictions Dear Local Authority Treasury Officers, Market Overview Headline Gilt Yields Dip as 30Y Sees Notable Drop; PWLB Predictions Reflect Volatility Gilt Market Analysis The gilt market is…
- Afternoon Rate Update Good afternoon! Here’s your latest update on PWLB rates and market movements. Headline: Rates Hold Steady, Like a Well-Behaved Student Notice Date: 24 February 2026, PM reset at 12:30…
- End of Day Wrap-Up Headline: Gilt Markets Take a Dip: 1Y Yield Down 1bp, But 2Y Up 1bp! Gilt Market Analysis Today, the gilt market exhibited mixed movements, with the 1Y yield decreasing by 1bp to 3.528%…
23 February 2026
- Morning Rate Update PWLB Rates Hold Steady, Market Yawns Notice Details PWLB Interest Rate Notice Number 073/26, AM reset at 09:10 on 23 February 2026. Maturity Rates 1y: 4.48% (0) 3y: 4.62% (+1) 5y: 4.83% (0)…
- Morning PWLB Predictions Gilt Market Update: 2bps Down, PWLB Predictions in Flux Gilt Market Analysis The gilt market is experiencing modest movements this morning, with the 1Y yield down by 2bps to 3.545%…
- Afternoon Rate Update PWLB Rates Shift Slightly, But Not Enough to Raise Eyebrows Notice Details PWLB Interest Rate Notice Number 074/26, PM reset at 12:30 on 23 February 2026. Maturity Rates 1y: 4.49% (+1) 3y…
- End of Day Wrap-Up Gilt Markets Take a Dip: 50Y Yield Down 4bps! Gilt Market Analysis The UK gilt market experienced notable movements today, with the 50-year yield decreasing by 4 basis points to 4.666%…
20 February 2026
- Morning Rate Update PWLB Rates Take a Gentle Dip: A Day of Minor Adjustments Notice Details PWLB Interest Rate Notice Number 071/26 Reset: AM Time: 09:03 on 20 February 2026 Maturity Rates 1y: 4.47% (-2bps)…
- Morning PWLB Predictions Gilt Yields Dip as 30Y Sees Notable Downturn; PWLB Predictions Reflect Volatility Gilt Market Analysis The gilt market is experiencing mixed movements this morning, with notable shifts in…
- Afternoon Rate Update PWLB Rates Shift Slightly: A Quiet Afternoon with Minor Adjustments Notice Details PWLB Interest Rate Notice Number 072/26 Reset: PM Time: 12:30 on 20 February 2026 Maturity Rates 1y: 4.48%…
- End of Day Wrap-Up Gilt Markets Take a Dip: 15Y Yield Down 3bps, But Not All is Lost! Gilt Market Analysis The gilt market experienced notable fluctuations today, with the 15-year yield dropping by 3 basis…
19 February 2026
- Morning Rate Update PWLB Rates Hold Steady: A Calm Before the Storm? Notice Details Notice Date: 19 February 2026 Reset Time: 09:14 AM Maturity Rates 1y: 4.49% (0) 3y: 4.64% (1) 5y: 4.87% (2) 10y: 5.46% (1)…
- Morning PWLB Predictions Gilt Yields Dip as 1Y Drops 2bps, PWLB Predictions Show Stability Gilt Market Analysis The gilt market is experiencing mixed movements this morning, with notable changes in yields across…
- Afternoon Rate Update Good afternoon! Here’s your latest update on PWLB interest rates and market developments. Headline PWLB Rates Remain Stubbornly Steady: A Quiet Afternoon Notice Details Notice Time: 12:30…
- End of Day Wrap-Up Gilt Markets Take a Dip: 1Y Yield Drops 3bps! Gilt Market Analysis Today, the gilt market experienced notable movements, particularly in the shorter tenors. The 1Y yield decreased by 3bps…
18 February 2026
- Morning Rate Update PWLB Rates: A Gentle Nudge Upwards Notice Date: 18 February 2026 Reset Time: 09:17 AM Maturity Rates 1y: 4.49% (2bps) 3y: 4.63% (1bp) 5y: 4.86% (2bps) 10y: 5.46% (2bps) 25y: 6.11% (1bp)…
- Morning PWLB Predictions Gilt Yields Dip as 1Y Sees Notable Drop of 3bps; PWLB Predictions Reflect Volatility Gilt Market Analysis The gilt market is experiencing a downward trend in yields across various tenors…
- Afternoon Rate Update PWLB Rates: A Quiet Afternoon with a Hint of Change Notice Time: 12:30 PM Maturity Rates 1y: 4.49% (0bps) 3y: 4.63% (0bps) 5y: 4.85% (-1bp) 10y: 5.45% (-1bp) 25y: 6.10% (-1bp) 50y: 5.91%…
- End of Day Wrap-Up Gilt Markets Take a Dip: 1Y Yield Down 2bps! Gilt Market Analysis Today, the gilt market experienced notable movements, particularly in the shorter tenors. The 1Y yield fell by 2bps to…
17 February 2026
- Morning Rate Update PWLB Rates Take a Gentle Dip: A Calm Day in the Treasury Waters Notice Details PWLB Interest Rate Notice Number 065/26, released on February 17, 2026, at 09:12 AM. Maturity Rates 1y: 4.46%…
- Morning PWLB Predictions Gilt Yields Dip as 1Y Sees Notable 4bp Drop; PWLB Predictions Reflect Market Volatility Gilt Market Analysis The gilt market is experiencing a downward trend in yields across various…
- Afternoon Rate Update PWLB Rates Take a Slight Turn: A Gentle Afternoon Shift Notice Details PWLB Interest Rate Notice Number 066/26, released on February 17, 2026, at 12:30 PM. Maturity Rates 1y: 4.47% (+1bps)…
- End of Day Wrap-Up Gilt Markets Take a Dip: 30Y Yield Down 3bps! Gilt Market Analysis Today, the gilt market experienced notable movements, particularly in the longer tenors. The 30Y yield decreased by 3bps…
16 February 2026
- Morning Rate Update PWLB Rates Slip Slightly as Market Holds Its Breath Notice Details PWLB Interest Rate Notice Number 063/26, AM reset, published at 09:13 on 16 February 2026. Maturity Rates 1y: 4.49%…
- Morning PWLB Predictions Gilt Yields Dip as 1Y Sees a 2bp Drop; PWLB Predictions Reflect Volatility Gilt Market Analysis The gilt market is experiencing a mixed sentiment this morning, with yields on shorter tenors…
- Afternoon Rate Update Good afternoon! Here’s your Local Authority Treasury update following the latest PWLB rates and market developments. Headline PWLB Rates Hold Steady, Afternoon Calm Prevails Notice Details…
- End of Day Wrap-Up “Gilt Markets Take a Dip: 1Y Yield Falls 3bps Amid Cautious Sentiment” Gilt Market Analysis Today, the gilt market experienced notable movements, particularly in the shorter tenors. The 1Y…
13 February 2026
- Morning Rate Update PWLB Rates Take a Gentle Dip: A Calm Day in the Treasury Waters Notice Details PWLB Interest Rate Notice Number 061/26, AM reset at 09:29 on 13 February 2026. Maturity Rates 1y: 4.50%…
- Morning PWLB Predictions Gilt Market Update: 5bps Down for 50Y, PWLB Predictions in Flux Gilt Market Analysis The UK gilt market remains stable this morning, with yields across various tenors showing minimal…
- Afternoon Rate Update Hello again! Here’s your afternoon update on the latest PWLB rates and market movements. Headline PWLB Rates Shift Slightly: A Gentle Afternoon Breeze Notice Details PWLB Interest Rate…
- End of Day Wrap-Up Gilt Markets Take a Dip: 50Y Yield Down 8bps! Gilt Market Analysis Today, the gilt market experienced notable volatility, particularly in the longer tenors. The 50Y yield fell by 8bps to…
12 February 2026
- Morning PWLB Predictions Gilt Yields Dip as 1Y Sees Notable Drop; PWLB Predictions Hold Steady Gilt Market Analysis The gilt market is experiencing mixed movements this morning, with the 1Y yield down by 2bps to…
- Afternoon Rate Update PWLB Rates Take a Dip, Leaving Borrowers with a Slightly Brighter Outlook Notice Details PWLB Interest Rate Notice Number 060/26, effective from 12:30 on 12 February 2026. Maturity Rates…
- End of Day Wrap-Up Gilt Markets Take a Dip: 15Y Yield Drops 3bps! Gilt Market Analysis Today, the gilt market experienced notable volatility, particularly in the longer tenors. The 15Y yield fell by 3bps to…
11 February 2026
- Morning PWLB Predictions Gilt Yields Dip as 2Y Sees a 2bp Drop; PWLB Predictions Hold Steady Gilt Market Analysis The gilt market is experiencing a mixed session with yields showing slight declines across several…
- End of Day Wrap-Up Gilt Markets Take a Dip: 2-Year Yield Drops 4bps Amid Economic Uncertainty Gilt Market Analysis Today, the gilt market experienced notable movements, particularly in the 2-year tenor, which…
10 February 2026
- Morning PWLB Predictions 1Y Gilt Yield Up 4bps: PWLB Predictions Show Mixed Volatility Today Gilt Market Analysis The gilt market is experiencing mixed movements this morning. The 1Y gilt yield has increased by…
- End of Day Wrap-Up Gilt Markets Take a Dip: 10Y Yield Down 1bp Amid Mixed Economic Signals! Gilt Market Analysis Today, the gilt market experienced notable movements, particularly in the 10Y tenor, which saw…
9 February 2026
- Morning PWLB Predictions Gilt Yields Rise: 1Y Up 5bps, PWLB Predictions Show Volatility Ahead Gilt Market Analysis The gilt market is experiencing notable movements this morning, with the 1-year yield rising by…
- End of Day Wrap-Up Gilt Markets in Turmoil: 1Y Yield Jumps 2bps Amid Political Uncertainty! Gilt Market Analysis Today, the gilt market experienced notable fluctuations, particularly in the 1Y tenor, which…
6 February 2026
- Morning PWLB Predictions Gilt Market Update: Yields Drop as 1Y Leads the Way The gilt market is experiencing a notable decline in yields this morning, with the 1-year yield down by 4bps to 3.535% . This movement is…
- End of Day Wrap-Up Gilt Markets Take a Dip: 1Y Yield Drops 5bps! Gilt Market Analysis Today, the gilt market experienced notable movements, particularly in the shorter tenors. The 1Y , 2Y , and 5Y yields each…
5 February 2026
- Morning PWLB Predictions Gilt Yields Dip as 1Y Sees Notable 2bp Drop Amid PWLB Volatility! Gilt Market Analysis The gilt market is experiencing mixed movements this morning, with notable changes in short and long…
- End of Day Wrap-Up Gilt Markets Take a Dip: 1Y Yield Drops 5bps Amidst Volatility! Gilt Market Analysis Today, the gilt market experienced notable movements, particularly in the shorter tenors. The 1Y and 2Y…
4 February 2026
- Morning PWLB Predictions 1Y Gilt Yields Up 3bps: PWLB Predictions Show Volatility Ahead! Gilt Market Analysis The gilt market is experiencing mixed movements this morning, with notable changes in the short tenor…
- End of Day Wrap-Up Gilt Markets Take a Turn: 50Y Yield Climbs 5bps Amid Economic Data Gilt Market Analysis Today, the gilt market experienced notable movements, particularly in the longer tenors. The 50Y…
3 February 2026
- Morning PWLB Predictions 1Y Gilt Yield Climbs 4bps as PWLB Rates Hold Steady Gilt Market Analysis The gilt market is experiencing modest movements this morning, with the 1-year yield rising to 3.606% , up 4bps…
- End of Day Wrap-Up Gilt Markets in Turmoil: 10Y Yield Climbs 3bps! Gilt Market Analysis The gilt market experienced notable movements today, with the 10Y yield rising by 3bps to 4.524% , reflecting a broader…
2 February 2026
- Morning PWLB Predictions Gilt Yields Dip as 1Y Sees 2bps Rise; PWLB Predictions Show Mixed Signals Gilt Market Analysis The gilt market is experiencing mixed movements this morning. The 1Y yield has increased by…
- End of Day Wrap-Up Gilt Markets Jitter as 2Y Yield Dips 3bps – A Volatile Day for Treasury Borrowers! Gilt Market Analysis Today, the gilt market experienced notable movements, particularly in the 2Y tenor…