- As was the case with the.............>

BOND SUMMARY: - As was the case with the 'meaningful vote' for parliament, the

conclusion of yesterday's no-confidence vote in PM Theresa May has not provided

more clarity on the eventual Brexit outcome. Trading in gilts has been

relatively mixed with pressure at the longer end causing the curve to steepen.

2s30s has traded up to 100.1bops from a low of 97.9bps. 

- US TSYs lack clear direction this morning with relatively tight trading

ranges. Current yields levels: 2-year 2.531%, 10-year 2.715%, 30-year 3.061%.

- The Mar-19 JGB future trades at 152.59 in the middle of the day's range.

- Bunds have sold off across the curve with yields near the highs of the day.

Current yield levels : 2-year -0.599%, 10-year 0.228%, 30-year 0.841%.

- Italian BTPs have rallied over the last 90 mins with outperformance at the

longer end causing the curve to flatten slightly. 

- Euro$ futures are 0.5-1.5 ticks higher. The Euribor futures strip is flat/0.5

ticks lower.