After a quiet opening to the week......>

GILT SUMMARY: After a quiet opening to the week for Gilts yesterday, Tuesday has

been a more lively affair. 

- The Dec-18 Gilt Future is off 30 ticks at 121.48, having traded in a 43 tick

range, hitting a high of 121.86 after a tweet from a senior DUP lawmaker which

props up UK PM May suggesting a no-deal Brexit was likely. 

- But by midday Gilts had reversed those gains as UK Brexit Secretary Raab's

suggestion of a positive Brexit cabinet meeting caused Gilts to sell off. 

- After noon the Dec-18 Gilt Future hit a two week low of 121.43, but it has

since recovered to 121.51 and needs 13 more ticks to finish flat for the day.   

- 2s10s has bear steepened across the afternoon as 10-yr has sold off. 2-Yr

yield is up 0.9bps at 0.813%, 5-Yr is up 1.7bps at 1.105%, and 10-Yr is up

3.2bps at 1.533%.

- Short Sterling futures are a little weaker, Blues weakest, off 2-3 ticks.

- The only key data left this week is Friday's Q3 GDP, where a Q/Q gain is

expected but a M/M loss. Parliament recess till Nov 12 may lighten news flow.