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PWLB briefings

20 May 2026

Every PWLB briefing published on 20 May 2026 — 4 updates, in full.

  • 09:36 Morning Rate Update PWLB rates are little changed after the 09:28 AM reset, with moves of just 0–2bp across the curve and no material shift in shape. NOTICE SUMMARY — PWLB fixed rates are broadly steady at the…
  • 11:30 Morning PWLB Predictions ⚠ RATE ALERT — Gilts are rallying sharply across the curve (-7bp to -9bp), driven by a bigger-than-expected drop in UK inflation this morning. Gilts are firmer across all key tenors; expect…
  • 12:51 Afternoon Rate Update PM NOTICE SUMMARY — PWLB rates reset lower by 2–4bp across the curve this afternoon, with the largest moves in the 3–15 year area. The 12:17 PWLB PM reset saw rates fall modestly by 2–4bp…
  • 17:10 End of Day Wrap-Up UK gilt yields fell sharply across the curve today, leading to a parallel decline in PWLB maturity rates. GILT MOVE SUMMARY Tenor Yield Change 2y 4.36% -13bp 5y 4.52% -14bp 10y 4.99% -13bp…
19 May 202621 May 2026

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