G
Grand Canal Capital Partners
Morning Market Intel · Glass Cockpit
Live · 15/15 fetchers
Internal · Partners
Tue · 12 May 202620:35 UTC
// The Daily Read · 2026-05-12

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.

ECB Deposit
2.00%
— hold · Jun '25
BoE Base
3.75%
— hold · May '26
UK 10Y Gilt
4.87%
▲ +3 bp d/d
IE 10Y Spread
-27 bp
inside Bund · stable
UK REIT Index
-3.0%
▼ broad selloff
Distress · 24h
8
CRE-relevant · 100 total
§ 01

Global 10Y Curve

ECB · BoE · Fed · FRED
Ireland3.20%
Germany3.46%
United States4.42%
United Kingdom4.87%
UK 5Y Gilt4.43%
SONIA O/N3.73%
UK trades 167 bp wide of Ireland. Cross-border funding spread is the dominant variable for new acquisitions.
§ 02

Listed CRE · Sector Heatmap

UK + IE · 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
HSTN.L+0.18
§ 03

Distress · UK + IE Insolvency

8 of 100 CRE-relevant
Direct
Wrightway Building Solutions LtdCVL · Liquidator appointed
UK
Direct
Landor Construction LtdCVL · Liquidator appointed
UK
Supply
Seth Stein Architects LtdCVL · Liquidator appointed
UK
Supply
Torus Engineering LtdPetition to wind up
UK
Tenant
Felldale Retail LtdNotice 2442 — winding-up activity
UK
§ 04

Equities · FX · Vol

Yahoo · FRED
InstrumentLeveld/dAs of
FTSE 10010,265.32-0.8%2026-05-12
FTSE 25022,466.20-1.2%2026-05-12
ISEQ Overall12,476.99+0.3%2026-05-12
Euro Stoxx 505,808.45-0.4%2026-05-12
S&P 5007,400.96+0.2%2026-05-12
VIX17.99+0.42026-05-12
EUR/USD1.1743+0.1%2026-05-12
EUR/GBP0.8671+0.3%2026-05-12
Brent crude107.63+1.4%2026-05-12
Gold USD/oz4,720.70+0.6%2026-05-12
§ 05

Covenant Watch

8watched
Green 6
Amber 1
Red 1
Transitions0
TierCompanyStatus
● AMBERTakoradi Gold (Intl)active
● REDACFD Design Ltddissolved
§ 06

Distress Breakdown

Total 24h
100
100 UK · 0 IE
CRE Filter
8
keyword-tagged
Direct
4
RE / dev
Tenant
1
retail
§ 07

Editorial · CRE-filtered

4 / 33
FTCT REIT announces 3.5% distribution increase and strong Q1 2026 results
FTHyperscale Data reports ~687 BTC and ~$94m combined cash; capital markets discussion planned
ITDepartment of Housing proposes fewer beds in Oliver Bond flats complex, Dublin
ITCouncil's Oliver Bond plans would have cost up to €700,000 per flat
§ 08

Fetcher Status

15/15 · 27.6s
● boe 0.8s
● ecb 1.2s
● fred 2.1s
● ch_watch 6.9s
● gazette 1.7s
● news 4.0s
● reit_px 3.3s
● rns 3.8s
● yahoo 1.6s
● cmdty 1.1s