PWLB briefing
Morning Rate Update
PWLB rates are little changed this morning, with all maturities moving just 1–2bp higher at the AM reset.
NOTICE SUMMARY — PWLB fixed rates set marginally higher at the 09:14 reset, up 1–2bp across the curve, with no major data or news driving the move.
PWLB rates barely budge as markets digest quiet start
PWLB SNAPSHOT
| Tenor | Rate | Chg |
|---|---|---|
| 1y | 5.01% | +2bp |
| 3y | 5.17% | +1bp |
| 5y | 5.34% | +1bp |
| 10y | 5.84% | +1bp |
| 25y | 6.47% | +2bp |
| 50y | 6.28% | +2bp |
Parallel shift: all maturities up 1–2bp.
Movements are negligible across the curve.
CONTEXT
- → No significant UK data or news — No major economic releases or gilt-relevant headlines so far this morning.
- → PWLB rates — The AM reset reflects a very modest upward drift, with no clear catalyst.
CALENDAR EVENTS
TODAY'S RELEASES
No data released so far today.
REMAINING TODAY
- → 13:30 USD Building Permits Prel: Forecast 1.42M (Previous: 1.423M)
- → 13:30 USD Housing Starts: Forecast 1.43M (Previous: 1.465M)
- → 10:00 GBP Treasury Gilt 2036 Auction: (LOW) Previous: 5.03%
NEXT 48 HOURS
- → Wed 2026-06-17 07:00: GBP Inflation Rate YoY — Forecast: 3.0%
- → Wed 2026-06-17 13:30: USD Retail Sales MoM — Forecast: 0.50%
- → Wed 2026-06-17 19:00: USD Fed Interest Rate Decision — Forecast: 3.75%
⚑ Treasurer's Note — PWLB rates are up just 1–2bp across all maturities at this morning's reset, with no significant news or data behind the move. The market remains calm and the window for pre-reset rate locking is narrow. Next key data for gilts is tomorrow's UK inflation print.
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 — still here when the only thing moving faster than rates is the coffee queue.