Discussion over whether the............>

GILT SUMMARY: Discussion over whether the government is in contempt of

Parliament over publishing limited Brexit legal advice sets the stage for 5 days

of Commons debate on the Brexit withdrawal agreement, beginning today.

- The 10-Yr Mar-19 Gilt future is trading at 123.08, up 11 ticks on the day but

off day`s high of 123.31. 

- The short end of the curve has underperformed, with 2-Yr Gilt yield is down

0.4bps at 0.727% - whilst shorter maturities have seen rising yields.

- Further along the curve yields have fallen, 10-Yr yield down 1.4bps at 1.299%,

30-Yr down 4.5bps at 1.966%.

- Parliament sits at 10:30GMT today with the first item of business whether the

Brexit legal advice should be investigated as the government being in contempt.

- EU court aide suggested earlier Britain could withdraw from Article 50

unilaterally. How this changes the parliamentary calculus on voting for PM May`s

withdrawal deal remains to be seen, but probably does not help.

- BOE`s Carney, Broadbent, Cunliffe etc currently before Treasury select

committee discussing Brexit scenarios, few real surprises so far.