PWLB briefing
Afternoon Rate Update
PM NOTICE SUMMARY — PWLB rates were broadly steady at the 12:25 reset, with only minor moves across the curve.
The 06 August 2026 PM PWLB reset saw little changed: most tenors held flat, with a single basis point move at the 2-year and a minor dip at 10 years.
PWLB PM SNAPSHOT
- → 1y — 5.10% (unch)
- → 3y — 5.28% (unch)
- → 5y — 5.46% (unch)
- → 10y — 5.94% (-1bp)
- → 25y — 6.58% (unch)
- → 50y — 6.38% (unch)
WHAT'S NEW SINCE THIS MORNING
No meaningful change from the earlier notice.
CONTEXT
- → S&P Global Construction PMI — Actual: 44.7 (Forecast: 40, Previous: 38.4). Construction activity contracted less than expected, but remains in negative territory.
- → News flow — No single clear driver in today's inputs; broader market themes remain mixed.
LOOK AHEAD
- → Tomorrow 07:00 — GBP Lloyds House Price Index MoM (Forecast: 0.10%), GBP Lloyds House Price Index YoY (Forecast: 0.40%)
A very quiet PM reset—PWLB rates are holding steady, with no fresh direction from today's data or news.
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 every PWLB reset were this uneventful.