Morning PWLB Predictions

Little changed so far; predictions reflect small/no move.

GILTS SNAPSHOT

• → 2y: 4.036% (-2bp) — Front-end slightly firmer.
• → 10y: 4.653% (-3bp) — Belly down in line with curve.
• → 30y: 5.334% (-4bp) — Long end softens a touch more.

PWLB 12:30 RESET — PREDICTIONS

• → 1y: predicted 4.87% (+1bp from current)
• → 5y: predicted 5.15% (unch from current)
• → 10y: predicted 5.65% (-1bp from current)
• → 20y: predicted 6.21% (unch from current)
• → 30y: predicted 6.29% (-1bp from current)
• → 50y: predicted 6.09% (unch from current)

WHAT'S DRIVING THIS

• → News and data do not show a clear driver for today's move.

CALENDAR

RELEASES SO FAR TODAY

No UK data released so far today.

STILL DUE TODAY

• → 12:30 — USD PPI (MoM) — Forecast: 0.30% — unlikely to affect the 12:30 PWLB reset.
• → 14:30 — USD Crude Oil Inventories — Forecast: -1.5M — not relevant for PWLB reset.
• → 18:00 — USD Fed Interest Rate Decision — Forecast: 3.75% — after the PWLB reset.
• → 18:00 — USD FOMC Economic Projections — after the PWLB reset.
• → 18:00 — USD FOMC Statement — after the PWLB reset.
• → 18:30 — USD FOMC Press Conference — after the PWLB reset.

NEXT 48 HOURS

• → Thu 07:00 — GBP Unemployment Rate — Forecast: 5.30%
• → Thu 12:00 — GBP BoE Interest Rate Decision — Forecast: 3.75%
• → Thu 13:15 — EUR ECB Interest Rate Decision — Forecast: 2.15%

Curve is drifting gently lower ahead of the Fed and BoE; no fireworks so far.

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 — If only every day were this straightforward.