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A fairly directionless Wednesday has...>

GILT SUMMARY
GILT SUMMARY: A fairly directionless Wednesday has seen Gilts trade
flat-to-higher overall, with the BoE decision awaited Thursday.
- Mar 19 Gilt futures up 10 ticks at 123.62, having traded in a range of
123.47-123.75 today.
- The 2-Yr yield is down 0.8bps at 0.742%, 5-Yr is down 1.3bps at 0.86%, 10-Yr
is down 1.2bps at 1.22%, and 30-Yr is down 1.1bps at 1.724%.
- Another fairly slow day in Brexit developments, with the most notable
soundbites regarding EC Pres Tusk`s perjorative comments towards Brexiteers who
had promoted Leave without a plan.
- End-of-week set to be highlighted by PM May`s trip to Brussels Thursday,
though tough to see what developments may emerge.
- BoE up Thursday: we released our preview this afternoon; check email for full
details. With no change in policy expected, amid Brexit paralysis, we expect the
main risks to be surrounding the Bank's estimation of the impact of the global
slowdown on domestic growth.

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