// Daily Read · 2026-05-12
Eurozone holds 2.00%, UK base 3.75%. Irish 10Y trades 27 bp inside Bund. UK REITs off ~3–4% intraday. 8 CRE-relevant UK insolvencies on the wire.
01Rates & Policy
UK rate curve trades materially wide of Eurozone. Irish 10Y inside Bund — sovereign quality bid intact.
ECB Deposit
2.00%
Held since Jun 2025
BoE Base
3.75%
May 2026 hold
Fed Funds
3.63%
May 2026
UK 10Y Gilt
4.87%
+3 bp d/d
Irish 10Y
3.20%
27 bp inside Bund
IE–DE Spread
-27 bp
Quality bid
// Global 10Y Yield Map (0–5%)
IE 10Y3.20%
DE 10Y3.46%
US 10Y4.42%
UK 10Y4.87%
UK 5Y4.43%
SONIA O/N3.73%
02Equities, FX, Volatility
// Indices
| FTSE 100 | 10,265.32 | -0.8% |
| FTSE 250 | 22,466.20 | -1.2% |
| ISEQ Overall | 12,476.99 | +0.3% |
| Euro Stoxx 50 | 5,808.45 | -0.4% |
| DAX | 23,954.93 | -0.3% |
| S&P 500 | 7,400.96 | +0.2% |
| Nasdaq | 26,088.20 | +0.4% |
| Dow | 49,760.56 | +0.1% |
// FX & Vol
| DXY | 98.302 | -0.1% |
| EUR/USD | 1.1743 | +0.1% |
| GBP/USD | 1.3537 | -0.2% |
| EUR/GBP | 0.8671 | +0.3% |
| VIX | 17.99 | +0.4 |
| US 10Y yld | 4.463 | +2 bp |
| Brent crude | 107.63 | +1.4% |
| Gold | 4,720.70 | +0.6% |
05Listed CRE — Sector Heatmap
Broad UK REIT pullback. London office, big-box logistics, retail malls leading lower. Irish names flat-to-modestly weaker.
GPE.L-3.95
SGRO.L-3.53
LAND.L-3.34
HMSO.L-3.30
BBOX.L-3.29
BLND.L-2.91
UTG.L-2.42
DLN.L-2.18
SHB.L-1.97
TRY.L-1.81
PHP.L-1.50
SUPR.L-1.47
HLCL.L-1.22
CAPC.L-1.05
GRI.L-0.92
RDI.L-0.71
GVR.IR-0.45
IRES.IR-0.39
RGL.L+0.23
HSTN.L+0.18
// RNS Wire — last 24h (4 / 2 material)
Yahoo · BBOXHow do these REITs keep paying spectacular dividends?
Yahoo · SUPRHow do these REITs keep paying spectacular dividends?
06Distress — UK + IE Insolvency
Notices 24h
100
100 UK · 0 IE
CRE-Relevant
8
keyword-filtered
Direct (RE/dev)
4
developers, landlords
Tenant Risk
1
retail, hospitality
Supply
TORUS ENGINEERING LTD
Petition to wind up
UK
Direct
WRIGHTWAY BUILDING SOLUTIONS LTD
CVL · Liquidator appointed
UK
Supply
SETH STEIN ARCHITECTS LIMITED
CVL · Liquidator appointed
UK
Direct
LANDOR CONSTRUCTION LIMITED
CVL · Liquidator appointed
UK
Tenant
FELLDALE RETAIL LIMITED
Notice 2442
UK
07Editorial · 24h, CRE-filtered
FTCT REIT announces 3.5% distribution increase and strong Q1 2026 results
FTHyperscale Data reports ~687 Bitcoin and ~$94m combined cash; plans capital markets discussion
Irish TimesDepartment of Housing proposes fewer beds in Oliver Bond flats complex
Irish TimesCouncil's Oliver Bond plans would have cost up to €700,000 per flat — housing committee
08Covenant Watch · Companies House
Watched
8
UK companies
Green
6
Amber
1
Red
1
Transitions
0
vs yesterday
| Tier | Company | No. | Status | Accts overdue | Insolvency |
|---|---|---|---|---|---|
| ● AMBER | TAKORADI GOLD (INTL) LTD | 02065485 | active | True | False |
| ● RED | ACFD DESIGN LIMITED | 07688618 | dissolved | False | False |
10Run Status
| Fetcher | Status | Duration (s) |
|---|---|---|
| boe_fetch | ● OK | 0.8 |
| cbi_fetch | ● OK | 0.1 |
| ch_watch | ● OK | 6.9 |
| commodity_fetch | ● OK | 1.1 |
| cso_fetch | ● OK | 0.7 |
| ecb_fetch | ● OK | 1.2 |
| fred_fetch | ● OK | 2.1 |
| gazette_scan | ● OK | 1.7 |
| news_fetch | ● OK | 4.0 |
| reit_prices | ● OK | 3.3 |
| rns_scrape | ● OK | 3.8 |
| yahoo_fetch | ● OK | 1.6 |