FTSE10,265 -0.8%
FTSE 25022,466 -1.2%
ISEQ12,477 +0.3%
SX5E5,808 -0.4%
DAX23,955 -0.3%
SPX7,401 +0.2%
NDX26,088 +0.4%
EURUSD1.1743 +0.1%
GBPUSD1.3537 -0.2%
EURGBP0.8671 +0.3%
BRENT107.63 +1.4%
GOLD4,720.70 +0.6%
VIX17.99 +0.4
UK10Y4.87 +3bp
IE10Y3.20 -1bp
DE10Y3.46 flat
US10Y4.42 +2bp
FTSE10,265 -0.8%
ISEQ12,477 +0.3%
SPX7,401 +0.2%
UK10Y4.87 +3bp
IE10Y3.20 -1bp
BRENT107.63 +1.4%
VIX17.99 +0.4
// DAILY READ
Macro
12 May 2026 · 20:35 UTC
Eurozone holds 2.00%, UK base 3.75%. Irish 10Y trades 27 bp inside Bund. UK REIT sector off 3–4% intraday. 8 CRE-relevant UK insolvencies on the wire.
// 01.A
UK 10Y Gilt
d/d
4.87%
▲ +3 bp · session high
vs Irish 3.20% · spread +167 bp
// 01.B
IE 10Y
vs Bund
3.20%
▼ -27 bp inside DE 10Y
Quality bid intact
// 05.A
UK REITs
1d
-3.0%
9 names · >-2% session
GPE -3.95 · SGRO -3.53 · LAND -3.34
// 06.A
Distress
CRE · 24h
8/ 100
4 direct · 1 tenant · 3 supply
100% UK · 0 IE notices
// 01
Global 10Y Curve
% · plotted 0–5%
IE 10Y3.20%
DE 10Y3.46%
US 10Y4.42%
UK 10Y4.87%
UK 5Y4.43%
SONIA O/N3.73%
UK trades 167 bp wide of Ireland — cross-border funding spread is the dominant variable.
// 02
Indices
Yahoo · 17:35 close
| 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% |
| VIX | 17.99 | +0.4 |
// 03
FX · Commodities
spot
| DXY | 98.302 | -0.1% |
| EUR/USD | 1.1743 | +0.1% |
| GBP/USD | 1.3537 | -0.2% |
| EUR/GBP | 0.8671 | +0.3% |
| US 10Y yld | 4.463 | +2 bp |
| Brent USD/bbl | 107.63 | +1.4% |
| Gold USD/oz | 4,720.70 | +0.6% |
| Copper USD/lb | 6.65 | +0.5% |
// 05
Listed CRE — UK + IE Sector Heatmap
1d %
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
GVR.IR-0.45
IRES.IR-0.39
RGL.L+0.23
// 08
Covenant Watch
8 watched · placeholder
Green6
Amber · Takoradi Gold1
Red · ACFD Design1
Transitions vs prior day0
// 06
Distress Log — UK + IE Insolvency
8 of 100 CRE-relevant
20:14DIRECTWrightway Building Solutions Ltd — CVL · Liquidator appointedUK
19:58DIRECTLandor Construction Ltd — CVL · Liquidator appointedUK
19:42SUPPLYSeth Stein Architects Ltd — CVL · Liquidator appointedUK
19:23SUPPLYTorus Engineering Ltd — Petition to wind upUK
18:51TENANTFelldale Retail Ltd — Notice 2442UK
SUMAGGREGATE100 UK · 0 IE notices · 8 CRE-tagged · trailing 20-day avg = 5.2—
// 07
Editorial · CRE-Filtered
FT · Irish Times · 4 material
FTCT REIT announces 3.5% distribution increase and strong Q1 2026 results
FTHyperscale Data reports ~687 BTC and ~$94m combined cash; plans capital markets discussion
Irish TimesDept of Housing proposes fewer beds in Oliver Bond flats complex, Dublin
Irish TimesCouncil's Oliver Bond plans would have cost up to €700,000 per flat
// 10
Fetcher Status
15/15 OK · 27.6s
● boe_fetch 0.8s
● ecb_fetch 1.2s
● fred_fetch 2.1s
● ch_watch 6.9s
● gazette_scan 1.7s
● news_fetch 4.0s
● reit_prices 3.3s
● rns_scrape 3.8s
● yahoo_fetch 1.6s
● commodity_fetch 1.1s
● cso_fetch 0.7s
● cbi_fetch 0.1s