PWLB briefing
Morning PWLB Predictions
PM RESET PREVIEW — Gilt yields are little changed across the curve; expect only minor tweaks at the 12:30 PWLB reset.
Little changed so far; predictions reflect small/no move.
GILTS SNAPSHOT
- → 2y: 4.509% (-2bp) — Slight dip at the short end.
- → 10y: 5.094% (unch) — Belly holding steady.
- → 20y: 5.713% (+1bp) — Long end marginally firmer.
PWLB 12:30 RESET — PREDICTIONS
- → 1y: predicted 5.32% (+4bp from current)
- → 5y: predicted 5.64% (+2bp from current)
- → 10y: predicted 6.12% (+3bp from current)
- → 20y: predicted 6.66% (+4bp from current)
- → 30y: predicted 6.73% (+3bp from current)
- → 50y: predicted 6.51% (+3bp 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
- → 15:00 — BoE L Mann Speech — (LOW) — unlikely to affect the 12:30 reset.
NEXT 48 HOURS
- → Thu 07:00 — GBP GDP Growth Rate YoY Prel — Forecast: 0.80%
- → Thu 07:00 — GBP GDP MoM — Forecast: -0.20%
- → Thu 07:00 — GBP GDP Growth Rate QoQ Prel — Forecast: 0.60%
A steady morning for gilts; keep an eye on tomorrow's GDP data for the next real catalyst.
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 the rest of the world were as calm as today's curve.