Morning PWLB Predictions

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

GILTS SNAPSHOT

• → 2y: 4.123% (+1bp) — Front end fractionally higher.
• → 10y: 4.745% (unch) — Belly flat on the day.
• → 30y: 5.459% (+1bp) — Long end nudges up by 1bp.

PWLB 12:30 RESET — PREDICTIONS

• → 1y: predicted 4.98% (+1bp from current)
• → 5y: predicted 5.30% (+1bp from current)
• → 10y: predicted 5.78% (+1bp from current)
• → 20y: predicted 6.33% (+2bp from current)
• → 30y: predicted 6.43% (+2bp from current)
• → 50y: predicted 6.21% (+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

• → Mortgage Approvals — Actual: 56.2K vs Forecast: 62.9K vs Previous: 66K — (Medium) — Lower than expected; signals softer housing activity.
• → M4 Money Supply MoM — Actual: 0.10% vs Forecast: 0.20% vs Previous: 0.20% — (Low) — Slightly weaker growth in broad money.

STILL DUE TODAY

Nothing further scheduled today.

NEXT 48 HOURS

• → Tue 07:45 — EUR Inflation Rate YoY Prel — Forecast: 2.40%
• → Tue 10:00 — EUR Inflation Rate YoY Prel — Forecast: 3.40%
• → Tue 13:00 — EUR Inflation Rate YoY Prel — Forecast: 2.50%
• → Tue 15:00 — USD JOLTs Job Openings — Forecast: 7.28M
• → Wed 10:00 — EUR Inflation Rate YoY Flash — Forecast: 3.0%
• → Wed 14:00 — USD Fed Chair Warsh Speech
• → Wed 15:00 — USD ISM Manufacturing PMI — Forecast: 53.7

A steady start to the week; keep an eye on inflation data from Europe and the US for any change in tone.

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 Mondays were this uneventful.