Morning PWLB Predictions

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

GILTS SNAPSHOT

• → 2y: 4.143% (-1bp) — Mild softening at the front end.
• → 10y: 4.734% (-2bp) — Belly marginally lower.
• → 30y: 5.439% (-2bp) — Long end also slightly down.

PWLB 12:30 RESET — PREDICTIONS

• → 1y: predicted 4.99% (+1bp from current)
• → 5y: predicted 5.31% (unch from current)
• → 10y: predicted 5.77% (unch from current)
• → 20y: predicted 6.32% (unch from current)
• → 30y: predicted 6.41% (unch from current)
• → 50y: predicted 6.21% (unch from current)

WHAT'S DRIVING THIS

• → News and data do not show a clear driver for today's move.

CALENDAR

RELEASES SO FAR TODAY

• → Treasury Gilt 2031 Auction — Actual: 4.28% vs Previous: 4.65% (LOW) — Auction yield lower than previous, but not a market mover.

STILL DUE TODAY

• → 12:15 — BoE Breeden Speech — (LOW) — Unlikely to affect the 12:30 reset.
• → 16:00 — BoE Dhingra Speech — (LOW) — After the reset.
• → 17:30 — BoE Pill Speech — (LOW) — After the reset.

NEXT 48 HOURS

• → Thu 07:00 — EUR GfK Consumer Confidence — Forecast: -27.5
• → Thu 13:30 — USD GDP Growth Rate QoQ Final — Forecast: 1.60%
• → Thu 13:30 — USD Durable Goods Orders MoM — Forecast: -4.30%
• → Thu 13:30 — USD Personal Income/Spending/Core PCE — Multiple releases, all HIGH impact.

A steady, uneventful morning so far—PWLB borrowers can expect little change at the next reset barring any surprises.

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.