PWLB briefing
Afternoon Rate Update
PM NOTICE SUMMARY — PWLB rates nudged 1–2bp higher across the curve at the 12:30 reset; moves remain modest.
PWLB fixed rates at the 12:30 PM set are up 1–2bp versus the previous notice, with little changed overall.
PWLB PM SNAPSHOT
- → 1y — 5.11% (+2bp)
- → 3y — 5.23% (+2bp)
- → 5y — 5.36% (+2bp)
- → 10y — 5.84% (+1bp)
- → 25y — 6.45% (+2bp)
- → 50y — 6.24% (+1bp)
WHAT'S NEW SINCE THIS MORNING
- → Mild upward shift — 1–2bp increases seen across all reported maturities, with no single point standing out.
CONTEXT
- → Market tone steady — Oil prices have dipped below $100 on hopes for US-Iran talks, but broader market volatility persists amid ongoing Middle East tensions.
- → UK data quiet — Only the BRC Retail Sales (3.1% y/y) released overnight; no high-impact UK data during the day.
- → No single clear driver — Moves appear technical, with no dominant news or data catalyst in today's inputs.
LOOK AHEAD
Diary is light into tomorrow.
A routine PM reset: rates up modestly, with no fresh catalyst. Back to you for the next move.
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.