PWLB briefing
Morning Rate Update
PWLB rates are little changed at the AM reset, with only a minor 1bp dip at the 20y and 50y points; the rest of the curve is flat.
NOTICE SUMMARY — PWLB fixed rates are essentially unchanged this morning, with a marginal 1bp move lower at the 20y and 50y maturities and all other key tenors flat.
Curve on cruise control: PWLB rates barely budge at AM reset
PWLB Snapshot
| Tenor | Rate | Chg |
|---|---|---|
| 1y | 5.06% | unch |
| 3y | 5.24% | unch |
| 5y | 5.40% | unch |
| 10y | 5.87% | unch |
| 25y | 6.48% | unch |
| 50y | 6.29% | -1bp |
The curve is essentially flat, with only a marginal softening at the very long end.
Movements are negligible across the curve.
Context
- → No significant UK data released — The economic calendar is clear so far this morning, with no new figures to move gilts or PWLB resets.
- → News flow is light for gilts — While political headlines swirl around Labour leadership, there is no direct market impact evident in rates or official commentary.
Calendar Events
Today's Releases
No data released so far today.
Remaining Today
- → 15:30: Prime Minister Starmer Speech (MEDIUM)
Next 48 Hours
- → Tue 23 Jun 08:30: EUR S&P Global Manufacturing PMI Flash — Forecast: 50
- → Tue 23 Jun 09:30: GBP S&P Global Manufacturing PMI Flash — Forecast: 53.6
- → Tue 23 Jun 09:30: GBP S&P Global Services PMI Flash — Forecast: 50
⚑ Treasurer's Note — PWLB rates are essentially unchanged at the AM fix, with only a minor 1bp dip at the long end. No significant news or data is driving the market this morning. The next scheduled data with potential to move gilts is tomorrow's UK PMI flash at 09:30.
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 is the clock.