PWLB briefing
Afternoon Rate Update
PM NOTICE SUMMARY — PWLB rates nudged 1–2bp higher across the curve at the 12:15 reset; no major shift.
The 12:15 PWLB PM reset saw a uniform 2bp rise across most maturities, with little change in overall market direction.
PWLB PM SNAPSHOT
- → 1y — 5.14% (+2bp)
- → 3y — 5.33% (+2bp)
- → 5y — 5.51% (+2bp)
- → 10y — 5.99% (+2bp)
- → 25y — 6.62% (+2bp)
- → 50y — 6.41% (+1bp)
WHAT'S NEW SINCE THIS MORNING
- → Mild upward shift — 1–2bp increases across all key tenors, with the long end (50y) up 1bp and the rest up 2bp.
CONTEXT
- → No UK data released today — The calendar is empty for UK economic releases so far.
- → Global market tone — News flow highlights ongoing Middle East tensions and a softer US jobs report, but no single clear driver for today's modest move.
LOOK AHEAD
- → Tomorrow 00:01 — GBP BRC Retail Sales Monitor YoY (Forecast: 1.50%)
A steady start to the week, with only minor upward pressure in the PM reset and no immediate UK data to shift the picture.
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 Monday could be this straightforward.