PWLB briefing
Morning PWLB Predictions
PM RESET PREVIEW — Gilt yields are little changed across the curve; expect only minor upward adjustments at the 12:30 PWLB reset.
Little changed so far; predictions reflect small/no move.
GILTS SNAPSHOT
- → 1y: 4.174% (+2bp) — Modest upward move at the front end.
- → 10y: 4.792% (+1bp) — Belly stable, up just a touch.
- → 30y: 5.463% (+1bp) — Long end unchanged to slightly higher.
PWLB 12:30 RESET — PREDICTIONS
- → 1y: predicted 5.06% (+2bp from current)
- → 5y: predicted 5.32% (+2bp from current)
- → 10y: predicted 5.80% (+1bp from current)
- → 20y: predicted 6.34% (+1bp from current)
- → 30y: predicted 6.43% (+1bp from current)
- → 50y: predicted 6.19% (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 data released so far today.
STILL DUE TODAY
- → 16:50 — BoE Gov Bailey Speaks — (MEDIUM) — unlikely to affect 12:30 reset.
- → 19:00 — BoE Gov Bailey Speaks — (MEDIUM) — after reset.
NEXT 48 HOURS
- → Thu 07:00 — GBP GDP (MoM) — Forecast: 0.10%
- → Thu 10:00 — EUR CPI (YoY) — Forecast: 2.50%
- → Thu 13:30 — USD Philadelphia Fed Manufacturing Index — Forecast: 10.5
A steady morning for gilts, with only minor upward pressure across the curve and no major data or news moving the market 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 all mornings were this uneventful.