Dec17 gilt futures opened higher on....>

GILT SUMMARY: Dec17 gilt futures opened higher on Morning on the back of a

strong bund open as there were uncertainties in German politics.

- In UK politics there was news that PM May is expected to increase her offer to

the EU in terms of the Brexit divorce bill in order to move closer to agreement

with the EU. According to the FT it is expected that the PM will increase her

initial E20bn offer to over E40bn. It also reported tha cabinet members were

ready to back PM May's increased Brexit bill offer.  

- 2-yr gilt yield is +0.4bp at 0.492%, 5-yr +0.2bp at 0.776%, 10-yr unch at

1.304% and 30-yr unch at 1.861% according to Tradeweb.

- There is not much in the way of data releases in the UK as well as across the

Atlantic and the attention in the UK markets will focus on the publication of

the Autumn Budget on Wednesday.