EGB/GILT SUMMARY: A range bound........>

BOND SUMMARY: EGB/GILT SUMMARY: A range bound London morning session for EGBs

and Gilts. 

-There very little to report on market price action, so instead, let's look at

what's ahead later today, that may move the needle for EGB's and Gilts. 

-TODAY: EU: Meeting this evening (1730CEST, 1630BST) between EU-27 ambassadors

and Council President Donald Tusk, with Brexit extension request the main issue

on the table. 

- Decision over whether to offer extension to 31 Jan 2020, as requested in UK PM

Johnson's unsigned letter, or a shorter extension of just a few weeks. 

- The latter is favoured by Irish taoiseach Varadkar and believed to be the

preferred option of most member states. Would allow for a pre-Brexit election.

This could backfire if post-election gov't opted for no-deal, but very unlikely.

Could also see a pro-EU coalition formed under Labour that allows for second

referendum and potential of UK staying, EU's ideal scenario. - Short extension

believed to be favoured by French gov't. Would give enough time to get the WAB

through parliament but no election.