A Scottish court has rejected a........>

GILT SUMMARY: A Scottish court has rejected a request for it to force PM Boris

Johnson to ask the EU for a further Brexit extension in the event that he was

unable to get a deal passed through parliament. The government had on Friday

provided assurances that it would abide by the Benn Act.

- The Dec-19 gilt future trades at 134.62, down 28 ticks from Friday's close and

trading near worst levels; L-H: 134.62-134.95.

- Gilts have sold off with yields 0-3bps higher on the day. Cash yields (Last /

1d chg / L..H): 2Y (0.3499% / +0.5bp / 0.3403%...0.3518%); 5Y (0.2548% / +0.8bp

/ 0.2446%...0.2573%); 10Y (0.4553% / +1.4bp / 0.4437%...0.458%); 30Y (0.9607% /

+2.6bp / 0.9495%...0.9645%).

- The curve has bear steepened: 2s10s (9.9bp / 1bp / 9bp..10bp); 2s30s (60.2bp /

2.1bp / 59bp..60.6bp).

- The short sterling futures strip has steepened: W (broadly + 0.0/0.5 ticks

higher); R (broadly - 0.0/1.0 ticks lower); G (- 0.5/1.0 ticks); B (- 1.0/1.5

ticks).