Afternoon Rate Update

PWLB PM Update – 12:31, 11 March 2026: Little changed

PWLB PM Snapshot

• 1y: 4.82% (-1bp)
• 3y: 4.96% (unch)
• 5y: 5.14% (+1bp)
• 10y: 5.65% (+1bp)
• 25y: 6.26% (unch)
• 50y: 6.08% (+1bp)

What’s New Since This Morning

No meaningful change from the earlier notice.

Context

• No UK data releases today; economic calendar is clear.
• Market focus remains on ongoing Middle East conflict, with oil prices volatile and Brent trading near $90/barrel. The IEA is considering a record release of emergency reserves, but supply risks persist.
• European markets are softer, with risk sentiment subdued amid energy market uncertainty and policy responses under discussion (e.g., EU gas price cap, UK energy support package signals).
• No single clear driver in today’s inputs for UK gilt yields or PWLB rates.

Look Ahead

• Tomorrow 00:01: GBP RICS House Price Balance (Forecast: -0.08)
• Tomorrow 09:30: GBP BoE Gov Bailey Speech (MED impact)

Diary is light into tomorrow.

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.