According to a report published by.....>

GILT SUMMARY: According to a report published by the influential European

Research Group, the next prime minister must ben unequivocal about leaving the

EU by October 31. In so doing, the ERG has reaffirmed the widely accepted notion

that any future leader must take a harder eurosceptic stance than PM May.

- In an interview with the FT, Rory Stewart has stated that Theresa May's deal

is the only way to end the impasse and to deliver on Brexit.

- The Sep-19 gilt future trades at 130.05, 23 ticks off the day's high; L-H:

129.67-130.28.

- Gilts have rallied with yields 3-4bps lower on the day. Cash yields (Last / 1d

chg / L..H): 2Y (0.5634% / -3.5bp / 0.549%...0.5712%); 5Y (0.6157% / -3.4bp /

0.6009%...0.6236%); 10Y (0.8589% / -4.2bp / 0.8428%...0.8662%); 30Y (1.4477% /

-4.3bp / 1.4347%...1.4551%).

- The curve has bull flattened: 2s10s (28.8bp / -0.9bp / 27.6bp..29.3bp); 2s30s

(87.7bp / -1.1bp / 86.8bp..88.4bp)

- Short sterling futures have broadly rallied with reds outperforming: W (+

1.0/4.5 ticks); R (+ 4.5/5.5 ticks); G (+ 4.5/5.0 ticks); B (+ 4.0/4.5 ticks).