A dovish ECB has prolonged a rally.....>

GILT SUMMARY: A dovish ECB has prolonged a rally in Gilts Thursday afternoon.

- The Jun 19 Gilt future is up 62 ticks at 127.28, having traded in a range of

126.56-127.38.

- Futures have been rallying steadily from 126.33 since 1400GMT Wednesday, but

got extra impetus after the ECB surprised markets to the dovish side with its

monetary policy decision today.

- Gilt curve bull flattening, with 10-Yrs outperforming: 2-Yr yield is down

2.4bps at 0.729%, 5-Yr is down 4.9bps at 0.894%, 10-Yr is down 5.4bps at 1.173%,

and 30-Yr is down 4.5bps at 1.666%.

- Not much news on the Brexit front, orders of business for next week laid out

earlier. 2nd Withdrawal Bill vote on Tuesday, with the `no deal` and `Article 50

extension` votes not yet on the docket though Downing Street insisting they

can`t be timetabled unless there is a defeat for Tuesday`s bill.

- EU-UK talks will continue through the weekend.

- Little data to end the week: Q1 Consumer Inflation Expectations at 0930GMT.