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Cabinet ministers have proposed an 8...>

GILT SUMMARY
GILT SUMMARY: Cabinet ministers have proposed an 8 week extension to the Brexit
deadline if May's deal passes through Parliament to allow extra time for
necessary legislation. Hurdles still remain if May is to make a deal that will
pass, not least the backstop. Junker has said that May is not looking to get rid
of the backstop but rather only make changes to it. 
- The Mar-19 Gilt future is up 13 ticks at 123.65, having traded in a range of
123.63-123.75.
- The curve is trading largely sideways, 1.4 to 1.5bps down through the 5yr30yr
section. The 2yr has been the early underperformer, yields are still down 1.2bps
and trading at 0.738%.  
- Tomorrow is the BoE monetary policy decision - rates are expected to be keep
on hold by a majority of 9:0. 

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