Earlier in the session the DMO sold....>

GILT SUMMARY: Earlier in the session the DMO sold Stg2.75bln of the 0.875%

Oct-29 Gilt with a cover ratio of 2.49x indicating strong demand.

- Focus shifts to this week's meeting between PM Boris Johnson and EC President

Ursula von der Leyen, although at this stage details of each side's negotiating

position with respect to the future UK-EU trade relationship is likely to be

limited. 

- Gilts trade mixed today with <=10-year maturities selling off and the longer

end trading firm. 

- The Mar-20 gilt future trades at 131.73, down 22 ticks from Monday's close and

20 ticks off the day's high; L-H: 131.3-131.93.

- Cash yields (Last / 1d chg / L..H): 2Y (0.5943% / +0.5bp / 0.5848%...0.598%);

5Y (0.6045% / +2bp / 0.595%...0.6082%); 10Y (0.7797% / +1.3bp /

0.7691%...0.7828%); 30Y (1.2344% / -0.7bp / 1.2215%...1.2373%).

- Short sterling futures have broadly sold off with reds underperforming: W

(broadly - 0.0/0.5 ticks lower); R (+ 1.0 tick); G (- 0.5/1.0 ticks); B (-

0.5/1.0 ticks).