PWLB briefing
Afternoon Rate Update
PM NOTICE SUMMARY — PWLB fixed rates nudged up by 1bp at the short end; rest of the curve unchanged.
The 12:19 PWLB PM reset saw a 1bp rise in 1–7 year rates, with longer maturities steady; little changed overall.
PWLB PM SNAPSHOT
- → 1y: 5.12% (+1bp)
- → 3y: 5.34% (+1bp)
- → 5y: 5.51% (+1bp)
- → 10y: 5.98% (unch)
- → 25y: 6.59% (unch)
- → 50y: 6.39% (unch)
WHAT'S NEW SINCE THIS MORNING
- → Front-end (1–7y) up by 1bp; 10y and longer maturities unchanged.
CONTEXT
- → No UK data releases so far today; news flow dominated by political speculation and global market volatility, but no single clear driver in today's inputs.
LOOK AHEAD
- → No further UK releases due today.
- → Tuesday 07:00: UK Unemployment Rate (HIGH) — forecast 4.90%.
A routine PM reset: minor upward nudge at the short end, with the rest of the curve steady as markets await next week's data.
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 resets were this uneventful.