After jumping higher to begin..........>

GILT SUMMARY: After jumping higher to begin Thursday following a dovish US Fed

decision Wednesday and some Italy-related risk aversion, Gilts have given up

almost all gains.

- The Dec 18 Gilt future is up 2 ticks at 120.81, having traded in a range of

120.77-121.3 today.

- A bit of bear flattening in the cash curve: the 2-Yr yield is up 1.9bps at

0.83%, 5-Yr is up 0.8bps at 1.183%, 10-Yr is unchanged at 1.593%, and 30-Yr is

down 0.4bps at 1.935%.

- Bank of England Chief Economist Andrew Haldane said at an event today that

further monetary tightening would be justified if growth continues at around its

trend rate, despite volatility in quarterly GDP data. Gilts dipped temporarily.

- Short Sterling weaker but not much of a move on the day, with Red contracts

off 2 ticks.

- Friday sees DMO Bill auction in the morning, final Q218 GDP data at 0930BST,

and BOE's Ramsden speaking at 1420BST.