Morning PWLB Predictions

Little changed so far; predictions reflect small/no move.

GILTS SNAPSHOT

• → 2y: 4.337% (+1bp) — Short end fractionally higher.
• → 10y: 4.915% (+1bp) — Belly up by a single basis point.
• → 30y: 5.600% (unch) — Long end flat.

PWLB 12:30 RESET — PREDICTIONS

• → 1y: predicted 5.14% (+1bp from current)
• → 5y: predicted 5.49% (+1bp from current)
• → 10y: predicted 5.95% (+1bp from current)
• → 20y: predicted 6.48% (+1bp from current)
• → 30y: predicted 6.56% (+1bp from current)
• → 50y: predicted 6.34% (+1bp 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

• → 13:30 — USD Core Inflation Rate MoM — Forecast: 0.30% — may influence global rates, but unlikely to impact PWLB reset directly.
• → 13:30 — USD Inflation Rate MoM — Forecast: 0.50%
• → 13:30 — USD Core Inflation Rate YoY — Forecast: 2.90%
• → 13:30 — USD Inflation Rate YoY — Forecast: 4.20%

Next 48 hours

• → Thu 13:15 — EUR ECB Interest Rate Decision — Forecast: 2.40%
• → Thu 13:15 — EUR Deposit Facility Rate — Forecast: 2.25%
• → Fri 07:00 — GBP GDP MoM — Forecast: -0.10%
• → Fri 07:00 — GBP GDP 3-Month Avg — Forecast: 0.70%
• → Fri 07:00 — GBP Industrial Production MoM — Forecast: 0.10%
• → Fri 07:00 — GBP Manufacturing Production MoM — Forecast: -0.20%

A steady start to the day; as ever, monitor for any surprises from US inflation this afternoon.

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 all days were this straightforward.