After hitting 4-month lows Tuesday,....>

GILT SUMMARY: After hitting 4-month lows Tuesday, Gilts have begun Wednesday on

the front foot, with UK PM May set to speak at the UN.

- The Dec 18 Gilt future is up 13 ticks at 120.59, having traded in a range of

120.45-120.6 today. Tuesday`s low, weakest since late May, was 120.35.

- The cash Gilt curve is bull flattening with the 2-Yr yield down 0.8bps at

0.828%, 5-Yr down 1.1bps at 1.195%, 10-Yr down 1.2bps at 1.62%, and 30-Yr down

1.2bps at 1.972%.

- Short Sterling futures are relatively flat, with longer-dated contracts up a

tick.

- PM May is in New York today, speaking at the UN General Assembly (we are

hearing 1340BST), and at a Bloomberg forum (at which she is going to reiterate a

pledge to keep business taxes low).

- Data today includes UK Finance Loans for Housing for August at 0930BST. In

July, the new home loan approvals dipped to 39,584 from 40,330 in June.

- US Fed FOMC decision later today likely to take focus.