New issue of British Savings Bonds with higher rates

New Issues of 1- and 5-year British Savings Bonds (Guaranteed Growth Bonds and Guaranteed Income Bonds) have gone back on sale today, along with increased interest rates for 2- and 3-year Bonds for both new customers and existing customers with maturing Bonds. Any thoughts on the rates themselves and what it says about interest rate expectations, send them across ASAP.