PWLB briefing

Morning PWLB Predictions

· By , PWLBtoday

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%, reflecting a risk-off sentiment as traders react to ongoing economic uncertainties. The 10Y yield remains stable at 4.350%, while the 30Y yield is unchanged at 5.153%. The lack of significant economic releases today contributes to this stability, with market participants awaiting further data to gauge future trends.

PWLB Reset Predictions

  • 1y: predicted 4.48% (0bp from current)
  • 5y: predicted 4.83% (0bp from current)
  • 10y: predicted 5.42% (0bp from current)
  • 20y: predicted 6.00% (0bp from current)
  • 30y: predicted 6.10% (0bp from current)
  • 50y: predicted 5.88% (0bp from current)

Context

The predictions reflect the current stability in gilt yields, with no significant changes expected in the near term. The market is closely monitoring economic indicators and upcoming releases that may influence PWLB rates.

Calendar Events

Releases so far today

  • No relevant releases reported so far.

Remaining today

  • No scheduled releases for the remainder of today.

This week ahead

  • Tomorrow 10:00: GBP Treasury Gilt 2033 Auction (LOW impact)
  • Tomorrow 11:00: GBP CBI Distributive Trades (MED impact) - Forecast: -17
  • Friday 00:01: GBP Car Production YoY (LOW impact) - Forecast: 5.3%
  • Friday 00:01: GBP Gfk Consumer Confidence (MED impact) - Forecast: -16
  • Friday 07:00: GBP Nationwide Housing Prices YoY (MED impact) - Forecast: 1.8%
  • Friday 07:00: GBP Nationwide Housing Prices MoM (MED impact) - Forecast: 0.3%
  • Monday 09:30: GBP Mortgage Lending (MED impact) - Forecast: 4.20B
  • Monday 09:30: GBP S&P Global Manufacturing PMI Final (LOW impact) - Forecast: 52
  • Monday 09:30: GBP Net Lending to Individuals MoM (LOW impact) - Forecast: 3.80B
  • Monday 09:30: GBP M4 Money Supply MoM (LOW impact) - Forecast: -0.00

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.

Stay informed and keep your treasury operations running smoothly!

All briefings for 23 February 2026 · February 2026 archive · All PWLB briefings