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A rise in global yields (triggered.....>

GILT SUMMARY
GILT SUMMARY: A rise in global yields (triggered by strong US data) ultimately
dragged Gilts down with them in a choppy but fairly directionless day.
- The Dec 18 Gilt future is down 19 ticks at 120.57, having traded in a limited
range of 120.51-120.78 today.
- Low of the day was hit after labour market release showing 9-yr high in wage
growth, but that move was quickly faded.
- Limited movement on the cash curve, with the 10-Yr segment underperforming.
The 2-Yr yield is up 0.3bps at 0.821%, 5-Yr up 0.7bps at 1.177%, 10-Yr up 1bps
at 1.62%, and 30-Yr down 0.4bps at 2.018%.
- Likewise little news out of the vaunted Cabinet meeting this morning, with no
sign of an incipient ministerial revolt against P.M. May, nor any sign of
further progress in Brexit negotiations.
- Short Sterling strip off 1.0-2.0 ticks.
- More key data coming up Wednesday to follow up from today's labour market
numbers: Sep CPI, PPI and RPI in the morning.

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