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Deteriorating economic sentiment and...>

GILT SUMMARY: Deteriorating economic sentiment and a succession of central banks
easing monetary policy (New Zealand, India and Thailand, has provided the
backdrop to the bull flattening of the gilt curve. No-deal Brexit rhetoric is
merely adding further fuel to the mix.
- The Sep-19 gilt future trades at 134.7, up 71 ticks from Tuesday's close and
31 ticks off the day's high; L-H: 134.21-135.01.
- Gilts have rallied with yields 0-9bps lower on the day. Cash yields (Last / 1d
chg / L..H): 2Y (0.4249% / -0.1bp / 0.4091%...0.4434%); 5Y (0.3085% / -1.9bp /
0.2915%...0.3186%); 10Y (0.4562% / -5.7bp / 0.4394%...0.4675%); 30Y (1.0992% /
-9.2bp / 1.0869%...1.1127%). 2s10s (2.2bp / -5.8bp / 0.1bp..6bp); 2s30s (66.5bp
/ -9.3bp / 65bp..72.9bp).
- The short sterling futures strip has flattened: W (broadly + 0.0/0.5 ticks
higher); R (+ 1.0/2.5 ticks); G (+ 2.5/3.0 ticks); B (+ 3.0/5.0 ticks).

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