PWLB briefing
Afternoon Rate Update
PM NOTICE SUMMARY — PWLB rates were broadly steady at the 12:31 PM reset, with only minor moves at the long end.
The 24 August 2026 PM PWLB reset saw little changed across most maturities, with a 1bp uptick in the 20y and 50y tenors.
PWLB PM SNAPSHOT
- → 1y: 5.18% (unch)
- → 3y: 5.41% (unch)
- → 5y: 5.61% (unch)
- → 10y: 6.11% (unch)
- → 25y: 6.73% (unch)
- → 50y: 6.53% (+1bp)
WHAT'S NEW SINCE THIS MORNING
- → Long end nudges higher — 20y and 50y both up by 1bp; rest of the curve unchanged.
CONTEXT
- → No UK data releases today — The calendar is empty for UK economic releases so far.
- → Global news flow subdued — Headlines focus on US-Iran sanctions and Canada-US trade tensions, but no direct impact on UK rates is evident.
LOOK AHEAD
- → Tomorrow 09:00 — EUR Ifo Business Climate (HIGH); forecast 87.2.
- → Tomorrow 10:00 — GBP Treasury Gilt 2033 Auction (LOW); previous 4.52%.
A quiet start to the week, with PWLB levels holding steady and little on the immediate horizon to stir the market.
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 uneventful.