A potentially pivotal day for the......>

GILT SUMMARY: A potentially pivotal day for the near-term Brexit outlook has

left Gilts slightly weaker Tuesday.

- The Mar 19 Gilt future is down 13 ticks at 123.95 (L:123.82, H:124.14).

- The 2-Yr yield is up 2.6bps at 0.788%, 5-Yr is up 3.3bps at 0.94%, 10-Yr is up

2.6bps at 1.202%, and 30-Yr is up 2.9bps at 1.742%.

- Main takeaway from today is that a second meaningful Withdrawal vote on PM

May's withdrawal deal will be taken by March 12th.

- If this fails, Gov't will table a neutral amendable motion by 13th at the

latest on whether MPs support leaving EU without a deal. If `no deal` rejected,

extension to the Article 50 deadline will be put before MPs the following day.

- Gilt H9/M9 futures roll continues to motor on (72% est.), ahead of First

Notice date Wednesday.

- In testimony before TSC, BoE's Carney said that the MPC would provide as much

stimulus as it could in event of no deal Brexit, but that it would be

constrained by the economic outlook.

- Quiet day for data and BoE speakers lies ahead Wednesday.