BI Rate: 5.75%, held at the 20–21 October meeting. Next decision: 17–18 November.

SUN 10-year: around 7.64%, after touching 7.707% on 28 October — its highest since May 2020.

The 10-year yield now sits about 189 basis points above the BI Rate, and 74 basis points above the 6.90% assumed in the 2026 budget.