PWLB briefings
15 May 2026
Every PWLB briefing published on 15 May 2026 — 4 updates, in full.
- Morning Rate Update PWLB rates have moved sharply higher across the curve at the AM reset, with 5–7bp increases seen from short to ultra-long maturities amid political and market volatility. ⚠ RATE ALERT — AM…
- Morning PWLB Predictions ⚠ VOLATILITY ALERT — Gilt yields are sharply higher across the curve (+8 to +15bp), with political turmoil and fiscal concerns driving the move; expect a material upward reset at 12:30…
- Afternoon Rate Update ⚠ RATE ALERT — PWLB rates rose 3–4bp across the curve at the PM reset, led by political uncertainty and a sharp move in gilts. PWLB fixed rates set after 12:15 on 15 May 2026 rose by 3–4bp…
- End of Day Wrap-Up UK gilt yields rose sharply across the curve today, driving PWLB maturity rates to new cycle highs and materially increasing local authority borrowing costs. GILT MOVE SUMMARY → 2y: 4.54%…