Despite PM Theresa May's refusal to....>

GILT SUMMARY: Despite PM Theresa May's refusal to step aside, and even with

party rules preventing another leadership election until December, contenders

for the role continue to throw their hat into the ring in a sign that pressure

for change is not dying down. 

- Former Work and Pensions Secretary Esther McVey is the latest to throw a hat

into the ring and follows closely on the heels of International Development

Secretary Rory Stewart.

- Gilts rallied from midday, with yields 2-3bp on the day. Current yield levels:

2-year 0.718%, 5-year 0.874%, 10-year 1.108%, 30-year 1.644%.

- The Jun-19 gilt future trades at 128.13, 18 ticks off the low. 

- Short sterling futures are 1.5-3.5 ticks higher on the day.