PWLB briefing
Morning PWLB Predictions
PM RESET PREVIEW — Gilt yields are modestly lower across the curve; expect a small downward nudge in PWLB rates at the 12:30 reset.
Little changed so far; predictions reflect small/no move.
GILTS SNAPSHOT
- → 2y: 4.521% (-2bp) — Short end slightly firmer.
- → 10y: 5.146% (-3bp) — Belly softens further.
- → 30y: 5.815% (-4bp) — Long end leads the move lower.
PWLB 12:30 RESET — PREDICTIONS
- → 1y: predicted 5.28% (unch from current)
- → 5y: predicted 5.69% (unch from current)
- → 10y: predicted 6.18% (unch from current)
- → 20y: predicted 6.70% (unch from current)
- → 30y: predicted 6.78% (unch from current)
- → 50y: predicted 6.55% (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
- → BoE Greene Speech — No market-moving remarks reported — (MEDIUM) — Limited impact on gilts.
- → BoE L Mann Speech — No market-moving remarks reported — (MEDIUM) — No immediate effect on yields.
STILL DUE TODAY
Nothing further scheduled today.
NEXT 48 HOURS
- → Tue 07:00 — GBP Unemployment Rate — Forecast: 4.90%
- → Wed 07:00 — GBP Inflation Rate YoY — Forecast: 3.0%
- → Wed 19:00 — USD FOMC Minutes
Curve is drifting gently lower with no single catalyst; keep an eye on tomorrow’s labour data and Wednesday’s inflation print for the next potential inflection.
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 you’re reading this, you’re already ahead of the next reset.