Internal — Partners Only
Compiled 20:35 UTC
Latency 27.6s · Next 13/05 06:00
The Eurozone held its 2.00% deposit rate for an eleventh consecutive month, while the Bank of England maintained 3.75% — keeping the UK rate curve at a meaningful premium to Continental funding. Irish ten-year paper continues to trade 27 basis points inside the German Bund, the quality bid intact and a reminder of where European sovereign capital is anchored.
The session's news, however, was made in equities. London's listed real estate complex pulled back 3–4% intraday, with offices and big-box logistics leading the move. The Gazette wire delivered eight CRE-relevant insolvencies — four direct (developers, landlords), one tenant-side, three supply-chain — a higher print than the trailing twenty-day average. We read the day as a marginal repricing of UK CRE risk, not a regime shift; Irish quality remains comfortable, and Continental rates anchor.
§ 01Rates & PolicyECB · BoE · Fed · FRED
UK rate curve trades materially wide of Eurozone. Irish ten-year sits inside Bund — the quality bid intact.
Policy & Benchmark Rates
| Series | Value | ∆ vs prior | As of |
|---|---|---|---|
| ECB Deposit Rate | 2.00% | — hold | 11 Jun '25 |
| ECB Main Refi | 2.15% | — hold | 11 Jun '25 |
| BoE Base | 3.75% | — hold | 11 May '26 |
| Fed Funds | 3.63% | — hold | 11 May '26 |
| UK 5Y Gilt | 4.43% | +2 bp | 08 May '26 |
| UK 10Y Gilt | 4.87% | +3 bp | 08 May '26 |
| SONIA O/N | 3.73% | flat | 08 May '26 |
| Irish 10Y | 3.20% | -1 bp | Mar '26 |
| German 10Y Bund | 3.46% | flat | Apr '26 |
| IE – DE Spread | -27 bp | stable | — |
Global 10Y Yield Curve · Mapped 0–5%
Read
The UK trades roughly 167 bp wide of Ireland. For a GCCP cross-border deal the funding-cost spread is now the dominant variable — Irish acquisitions financed off Bund-pegged paper retain a meaningful structural advantage.
§ 02Equities · FX · VolatilityYahoo · FRED
Indices · Europe
| 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% |
Indices · US
| S&P 500 | 7,400.96 | +0.2% |
| Nasdaq | 26,088.20 | +0.4% |
| Dow | 49,760.56 | +0.1% |
| US 10Y yld | 4.463 | +2 bp |
| VIX | 17.99 | +0.4 |
FX & Commodities
| DXY | 98.302 | -0.1% |
| EUR/USD | 1.1743 | +0.1% |
| GBP/USD | 1.3537 | -0.2% |
| Brent | 107.63 | +1.4% |
| Gold | 4,720.70 | +0.6% |
§ 03Listed CRE — MoversUK + IE · 1d
Broad UK REIT pullback. London office, big-box logistics, retail malls leading lower. Irish names flat-to-modestly weaker.
↓ Decliners
↑ Advancers
RNS Wire · last 24h
§ 04Distress — Gazette & CRO8 CRE-relevant · 24h
Eight CRE-relevant UK insolvency notices on the wire. Four direct (developers, landlords), one tenant, three supply-chain.
§ 05Editorial · CRE-Filtered33 items · 4 material
§ 06Covenant Watch · Companies House8 watched · placeholder
| Tier | Company | Co. No. | Status | Accts overdue | Insolvency |
|---|---|---|---|---|---|
| Amber | Takoradi Gold (International) Ltd | 02065485 | active | Yes | No |
| Red | ACFD Design Ltd | 07688618 | dissolved | No | No |
Watchlist is placeholder · partner curation pending.