PWLB briefing
Afternoon Rate Update
PM NOTICE SUMMARY — PWLB rates nudged 1–2bp higher across the curve at the 12:30 reset; moves remain modest.
The 12:30 PWLB PM fix saw a further 1–2bp rise across all key maturities; little changed in overall direction, but the upward drift continues.
PWLB PM SNAPSHOT
- → 1y — 5.48% (+1bp)
- → 3y — 5.82% (+1bp)
- → 5y — 6.02% (+2bp)
- → 10y — 6.42% (+1bp)
- → 25y — 6.91% (+1bp)
- → 50y — 6.61% (+1bp)
WHAT'S NEW SINCE THIS MORNING
- → Mild upward drift — All key tenors rose by 1–2bp, with the 5y, 7y, 15y, and 40y points seeing the largest moves (+2bp).
- → No sharp curve shifts — The move was broadly parallel, with no single segment standing out.
CONTEXT
- → No UK data released yet today — The economic calendar is empty so far for GBP releases.
- → Market tone — News flow highlights ongoing concerns around government borrowing, bond market volatility, and global inflation, but no single clear driver in today's inputs.
LOOK AHEAD
- → Today 15:00 — USD Michigan Consumer Sentiment Prel (HIGH), forecast 47.6.
- → Monday 07:00 — GBP GDP MoM (HIGH), forecast 0.10% (prev 0.40%).
PWLB rates continue to edge higher, but the pace remains orderly; eyes now turn to US sentiment data and next week's UK GDP print.
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 — Even the curve needs a breather now and then.