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 12:30 on 26 February 2026.

Maturity Rates:

• 1y: 4.49% (0)
• 2y: 4.53% (0)
• 3y: 4.60% (0)
• 5y: 4.81% (0)
• 7y: 5.05% (-1)
• 10y: 5.39% (0)
• 12y: 5.57% (0)
• 15y: 5.77% (-1)
• 20y: 5.97% (0)
• 25y: 6.05% (-1)
• 30y: 6.08% (0)
• 40y: 6.02% (-1)
• 50y: 5.86% (0)

Overall, the rates have remained largely unchanged, with only minor adjustments in the 7-year, 15-year, 25-year, and 40-year maturities.

Afternoon Context:

Since this morning, there have been no significant economic data releases to report. The market remains relatively quiet, with no notable movements in gilt yields. The Chancellor continues to face pressure to present a clear economic growth strategy ahead of the Spring Statement on 3 March, which may influence future market sentiment.

Calendar Events:

Remaining Today:

• No further significant economic releases today.

This Week Ahead:

• Tomorrow, 00:01: GBP Car Production YoY - Forecast: 0.05
• Tomorrow, 00:01: GBP Gfk Consumer Confidence - Forecast: -16
• Tomorrow, 07:00: GBP Nationwide Housing Prices YoY - Forecast: 1.1%
• Monday, 09:30: GBP Mortgage Lending - Forecast: 4.20B
• Monday, 09:30: GBP S&P Global Manufacturing PMI Final - Forecast: 52

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 your treasury operations as steady as these rates!