A slew of Brexit-related headlines.....>

GILT SUMMARY: A slew of Brexit-related headlines have hit the wires, none of

which will move the meter. The government has indicated that it wants to ensure

that the UK is not held in the backstop arrangement indefinitely and that it is

still official policy to reduce migration to the 'tens of thousands'.

- Norway's sovereign wealth fund has indicated that it plans to increase

investment to the UK despite Brexit, citing the fund's 30-year+ investment

horizon.

- Gilts initially opened stronger but yields have subsequently pulled back

towards yesterday's close. Current yield levels: 2-year 0.818%, 10-year 1.270%,

30-year 1.800%. The curve trades close to unch on the day.

- The Mar-19 gilt future trades at 123.33 near the bottom of the day's range.

- Inflation breakevens have taken a leg down over the last week and have

rebounded slightly this morning. The 5-year trades at 2.987% and the 10-year at

3.047%.

- The modest improvement in risk-sentiment is keeping cable supported above 1.33

- Short sterling futures are flat in whites/reds.