A few events to watch out for in the UK.......>

GILTS: A few events to watch out for in the UK today. Discussions will continue

on how long the lockdown will be extended for (the maximum three weeks allowed

under parliamentary procedure is very much expected).

- Focus will again be on supply and buybacks. We will see two gilt auctions this

morning with GBP3.0bln of the 0.875% Oct-29 gilt and GBP2.0bln of the 1.75%

Sep-37 gilt on offer. In cash terms this amounts to around GBP5.4bln (GBP6.8bln

if the PAOF is fully taken up). The BoE will be back in the market again buying

another GBP4.5bln including GBP1.5bln each of shorts, mediums and longs.

- Later this afternoon the Treasury Select Committee will hold an evidence

session on the economic impact of coronavirus. This will be split into two

panels. Panel 1 starts at 14:30BST with Stephen Jones, CEO, UK Finance and

Stephen Haddrill, Director General, Finance and Leasing Association. However,

for markets the more interesting will probably be the second panel, due to start

at 15:30 where two senior BOE members will speak. Sam Woods, Deputy Governor for

Prudential Regulation, CEO of the PRA and member of the FPC will be joined by

Sarah Breeden, Executive Director for UK Deposit Takers Supervision.