PWLB briefing
Morning PWLB Predictions
PM RESET PREVIEW — Gilt yields are little changed across the curve; expect only minimal moves at the 12:30 PWLB reset.
Little changed so far; predictions reflect small/no move.
GILTS SNAPSHOT
- → 2y: 4.360% (-1bp) — Front end fractionally lower.
- → 10y: 4.927% (-1bp) — Belly marginally softer.
- → 30y: 5.616% (-1bp) — Long end also slightly down.
PWLB 12:30 RESET — PREDICTIONS
- → 1y: predicted 5.17% (+1bp from current)
- → 5y: predicted 5.46% (+1bp from current)
- → 10y: predicted 5.95% (+1bp from current)
- → 20y: predicted 6.49% (+1bp from current)
- → 30y: predicted 6.58% (+1bp from current)
- → 50y: predicted 6.36% (+1bp from current)
WHAT'S DRIVING THIS
- → News and data do not show a clear driver for today's move.
CALENDAR
RELEASES SO FAR TODAY
- → S&P Global Construction PMI — Actual: 39.7 vs Forecast: 45.7 vs Previous: 45.6 (MEDIUM) — sharply below expectations, signals weaker construction activity but no discernible gilt reaction.
STILL DUE TODAY
Nothing further scheduled today.
NEXT 48 HOURS
- → Fri 13:30 — USD Non Farm Payrolls — Forecast: 60K
- → Fri 13:30 — USD Unemployment Rate — Forecast: 4.30%
- → Fri 15:00 — USD Michigan Consumer Sentiment Prel — Forecast: 49.5
A routine morning: gilts are drifting quietly, with no clear catalyst and only minimal change expected at the next PWLB reset.
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 — Even the gilts need a breather now and then.