PWLB briefings
7 October 2026
Every PWLB briefing published on 7 October 2026 — 3 updates, in full.
- Morning Rate Update PWLB rates reset this morning with a notable parallel shift higher across the curve, led by 5–6bp moves from 7 years out. ⚠ RATE ALERT — AM reset: PWLB rates rose 5–6bp across the mid and…
- Afternoon Rate Update ⚠ RATE ALERT — Notable upward move at the PM reset, with 5–7bp rises across the curve as gilt yields climb on the back of higher UK mortgage rates and a sharp repricing in the long end…
- End of Day Wrap-Up UK gilt yields rose notably across the curve today, driving PWLB maturity rates higher and increasing borrowing costs for local authorities. GILT MOVE SUMMARY → 5y: 4.964% (+3bp) — moderate…
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