Despite losing voters to the Liberal...>

GILT SUMMARY: Despite losing voters to the Liberal Democrats and Brexit Party as

the recent European elections, Labour Leader Jeremy Corbyn has resisted calls to

commit to a second referendum, which he has stated is "some way off". 

- Former Conservative leader Iain Duncan Smith has argued that the Conservative

leadership contest rules should be re-written to avoid "chaos". Currently a

candidate requires only 2 nominations from Tory MPs, which so far has led 11

candidates to declare. 

- At 7:30BST tomorrow, the UK DMO will publish the auction calendar for fiscal

Q2 (covering July-Sep).

- The Sep-19 gilt future trades at 129.47, down 6 ticks from Wednesday's close

and 19 ticks off the day's high; L-H: 129.21-129.66.

- Gilts have broadly rallied during the session with yields still 1-2bps higher

from yesterday's close. Cash yields (Last / 1d chg / L..H): 2Y (0.6163% / +2.5bp

/ 0.6033%...0.6225%); 5Y (0.6649% / +1.9bp / 0.6504%...0.6709%); 10Y (0.9091% /

+1.8bp / 0.8934%...0.9149%); 30Y (1.4968% / +0.8bp / 1.486%...1.505%).