PWLB briefing
Morning Rate Update
PWLB rates are little changed after the 09:42 AM reset, with only minor (-1bp) moves at select maturities and the rest unchanged.
NOTICE SUMMARY — PWLB fixed rates saw negligible movement at the AM reset, with most tenors unchanged and a handful down by 1bp.
PWLB Curve Hits the Snooze Button: Minor Nudge, No Drama
PWLB Snapshot
| Tenor | Rate | Chg |
|---|---|---|
| 1y | 5.18% | unch |
| 3y | 5.41% | -1bp |
| 5y | 5.61% | unch |
| 10y | 6.11% | unch |
| 25y | 6.73% | -1bp |
| 50y | 6.52% | -1bp |
Curve shows a near-parallel shift, with only minor (-1bp) softening at select points.
Movements are negligible across the curve.
Context
- → No UK data released — No new economic releases so far today to influence gilt or PWLB pricing.
- → News flow is light — No material UK macro or gilt market news evident in the morning headlines.
Calendar Events
Today's Releases
No data released so far today.
Remaining Today
Nothing further scheduled today.
Next 48 Hours
- → Tue 25 Aug 09:00: EUR Ifo Business Climate — Forecast: 87.2
- → Wed 26 Aug 13:30: USD Personal Spending MoM — Forecast: 0.20%
- → Wed 26 Aug 13:30: USD Personal Income MoM — Forecast: 0.30%
- → Wed 26 Aug 13:30: USD Durable Goods Orders MoM — Forecast: 0.70%
- → Wed 26 Aug 13:30: USD Core PCE Price Index MoM — Forecast: 0.20%
- → Wed 26 Aug 13:30: USD GDP Growth Rate QoQ 2nd Est — Forecast: 1.50%
⚑ Treasurer's Note — PWLB rates are essentially unchanged at the AM reset, with only a handful of maturities down by 1bp. The market is quiet, and there are no immediate data or news catalysts in play. Unless gilts move sharply before the next reset, expect similar conditions at midday.
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 — still here when the only thing flatter than the curve is the coffee.