Cabinet ministers have been busy.......>

GILT SUMMARY: Cabinet ministers have been busy trying to convince the DUP to

back PM May's withdrawal agreement. There is tentative sign that Conservative

Eurosceptics are starting to turn, with ERG chief Jacob-Rees Mogg stating that a

bad deal is preferable to staying in the EU. However, the government still has a

long way to go in convincing the remaining holdouts, with the still influential

former Foreign Secretary Boris Johnson urging MPs to reject May's deal for a

third time.

- Gilts have started the week on a stronger footing, although upside has been

limited. Yields are <1.5bp lower on the day. Current yield levels: 2-year

0.753%, 5-year 0.926%, 10-year 1.196%, 30-year 1.702%. The curve is marginally

flatter with 2s10s trading down to 43.8bps from 44.8bps.

- The Jun-19 gilt future trades at 127.06 near the middle of the day's range.

- The short sterling futures strip has flattened slightly with greens/blues up

1.0-2.0 ticks.

- Next up on the data calendar will be the labour market report for January,

which will be published tomorrow.