PWLB briefing
Morning PWLB Predictions
PM RESET PREVIEW — Gilt yields are little changed at the long end, with a mild upward nudge at the front; expect only minor upward adjustments at the 12:30 PWLB reset.
Little changed so far; predictions reflect small/no move.
GILTS SNAPSHOT
- → 1y: 4.426% (+3bp) — Modest front-end rise.
- → 5y: 4.550% (+1bp) — Belly fractionally higher.
- → 30y: 5.587% (unch) — Long end flat.
PWLB 12:30 RESET — PREDICTIONS
- → 1y: predicted 5.27% (+3bp from current)
- → 5y: predicted 5.54% (+3bp from current)
- → 10y: predicted 5.97% (+1bp from current)
- → 20y: predicted 6.48% (+1bp from current)
- → 30y: predicted 6.55% (unch from current)
- → 50y: predicted 6.33% (+1bp from current)
WHAT'S DRIVING THIS
- → No single clear driver in today's inputs.
CALENDAR
RELEASES SO FAR TODAY
- → No HIGH or MEDIUM impact GBP releases with actuals so far today.
STILL DUE TODAY
- → 14:30 — USD Fed Chair Powell Speaks — (HIGH) — Not expected to affect the 12:30 PWLB reset.
NEXT 48 HOURS
- → Tue 06:00 — GBP GDP (QoQ) — Forecast: 0.10%
- → Tue 06:00 — GBP GDP (YoY) — Forecast: 1.0%
- → Tue 09:00 — EUR CPI (YoY) — Forecast: 2.50%
- → Tue 13:45 — USD Chicago PMI — Forecast: 54.7
- → Tue 14:00 — USD CB Consumer Confidence — Forecast: 88
- → Tue 14:00 — USD JOLTS Job Openings — Forecast: 6.9M
A steady start to the week; keep an eye on tomorrow's UK GDP for any shift in tone.
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 you want excitement, try the oil market instead.