Brexit uncertainty, weak UK data and...>

GILT SUMMARY: Brexit uncertainty, weak UK data and a dovish US Fed have helped

boost Gilts early Thursday.

- Mar 19 Gilt future is up 18 ticks at 123.38, having traded in a range of

123.36-123.57 today.

- The 2-Yr yield is down 0.6bps at 0.772%, 5-Yr is down 0.8bps at 0.897%, 10-Yr

is down 1.2bps at 1.243%, and 30-Yr is down 1.1bps at 1.725%.

- The cash curve has followed the lead of US Tsys, which have rallied alongside

a dovish outcome at last night`s FOMC meeting.

- A bit of risk-off as EU officials reiterated that renegotiating the current

Brexit deal is off the table, with some warning that a no-deal Brexit is

increasingly nigh.

- Foreign Secretary Hunt this morning toning down guidance of the Mar 29th

Brexit date citing uncertainty about how late the Brexit process will run, `may

need more time to pass critical legislation`.

- Weak-ish GFK Jan consumer confidence data out overnight (-14 overall, unch.

from Dec; next 12 Mo -39, lowest in 7 years, vs -38 Dec).