PWLB briefing
Morning Rate Update
PWLB rates reset lower this morning, with a modest parallel move down across the curve.
NOTICE SUMMARY — AM reset: PWLB rates down 2–4bp across all key maturities, reflecting a modest move lower in gilts.
PWLB nudges lower as curve drifts down in quiet trade
PWLB Snapshot
| Tenor | Rate | Chg |
|---|---|---|
| 1y | 4.87% | -2bp |
| 3y | 5.04% | -2bp |
| 5y | 5.22% | -3bp |
| 10y | 5.73% | -4bp |
| 25y | 6.35% | -3bp |
| 50y | 6.16% | -3bp |
Mild parallel shift lower across the curve; no material steepening or flattening.
Movements are negligible across the curve.
Context
- → No major UK data or news flow — No significant domestic economic releases or market-moving headlines this morning.
- → Global backdrop steady — Despite ongoing geopolitical headlines, there is no evidence of direct impact on UK gilts at this reset.
Calendar Events
Today's Releases
No data released so far today.
Remaining Today
Nothing further scheduled today.
Next 48 Hours
- → Wed 18 Mar 18:00: USD Fed Funds Tgt Rate — Forecast: 3.6%
- → Thu 19 Mar 07:00: GBP ILO Unemployment Rate — Forecast: 5.3%
- → Thu 19 Mar 07:00: GBP Claimant Count Unem Chng — (Previous: 29K)
⚑ Treasurer's Note — PWLB rates have reset 2–4bp lower across all key maturities this morning, with no major news or data driving the move. This is a modest, parallel shift and signals a steady market backdrop at the AM fix. With no significant UK releases due today, attention turns to the Fed decision and UK labour data later this week for the next potential catalyst.
This commentary is provided for information only and is not financial advice. Please verify rates directly with PWLB or official sources before acting.
Gilt Edge Advisor — still here after more resets than a council's budget spreadsheet.