PWLB briefing
Afternoon Rate Update
PM NOTICE SUMMARY — PWLB fixed rates nudged lower by 1–2bp across the curve at the 12:31 reset; little changed overall.
PWLB rates at the 12:31 PM fix are down 1–2bp versus the previous notice; little changed.
PWLB PM SNAPSHOT
- → 1y — 5.16% (-2bp)
- → 3y — 5.36% (-1bp)
- → 5y — 5.51% (-1bp)
- → 10y — 5.96% (-1bp)
- → 25y — 6.56% (-1bp)
- → 50y — 6.35% (-1bp)
WHAT'S NEW SINCE THIS MORNING
- → Mild softening across the curve — All key tenors are down by 1bp, with the 1y falling 2bp.
CONTEXT
- → No economic data released today — The calendar shows no UK or major global data so far.
- → News flow dominated by geopolitics — Headlines focus on renewed Middle East tensions, higher oil prices, and global market volatility, but no single clear driver for gilts is evident.
LOOK AHEAD
- → Tomorrow 00:01 — GBP BRC Retail Sales Monitor YoY (Forecast: 0.60%)
A quiet PM reset: rates are fractionally lower, with no major data or single news catalyst in play.
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 every Monday could be this uneventful.