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PWLB briefings

24 March 2026

Every PWLB briefing published on 24 March 2026 — 4 updates, in full.

  • 12:07 Morning Rate Update PWLB rates reset sharply lower this morning, with 5–12bp falls across the curve as gilt yields responded to volatile global energy and macro headlines. ⚠ RATE ALERT — AM reset: significant…
  • 12:07 Morning PWLB Predictions PM RESET PREVIEW — Gilt yields are little changed across the curve; expect only minor adjustments at the 12:30 PWLB reset. Little changed so far; predictions reflect small/no move. GILTS…
  • 13:43 Afternoon Rate Update PM NOTICE SUMMARY — PWLB fixed rates nudged lower by 1–3bp across the curve at the 12:51 reset; moves remain modest. PWLB rates at the PM fix are down 1–3bp versus the prior notice, with…
  • 17:10 End of Day Wrap-Up UK gilt yields rose sharply across the curve today, but PWLB rates ended lower, reflecting a notable divergence between market yields and borrowing costs for local authorities. GILT MOVE…
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