PWLB briefings
8 July 2026
Every PWLB briefing published on 8 July 2026 — 3 updates, in full.
- Morning Rate Update PWLB rates reset sharply higher at the AM fix, with 5–8bp increases across the curve as geopolitical tensions and rising oil prices dominate the backdrop. ⚠ RATE ALERT — AM reset: PWLB…
- Afternoon Rate Update ⚠ RATE ALERT — PWLB fixed rates rose sharply across the curve at the PM reset, with moves of +5 to +7bp, driven by a surge in gilt yields following renewed Middle East tensions and higher…
- End of Day Wrap-Up UK gilt yields rose sharply across the curve today, driving PWLB rates higher and increasing borrowing costs for local authorities. GILT MOVE SUMMARY → 1y: 4.128% (+13bp) — front-end led…
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