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EGB/GILT SUMMARY: A subdued start......>

BOND SUMMARY: EGB/GILT SUMMARY: A subdued start this afternoon, until that is, a
Brexit story hit our screens later in the day. 
-Bund were sitting where they started this morning, with
unchanged & flat on the day against the Bund.
- THEN, EU, U.K. Negotiators Said to Be Closing In on Draft Brexit Deal (bbg) 
-U.K. and European Union negotiators in Brussels are closing in on a draft with
optimism that there will be a breakthrough before the end of Tuesday, two EU
officials said.
-GBPUSD spiked and Gilts collapsed through the 132.33-132.11 gap and extended
further as short term long play, bailed out, providing downside momentum to
print a 131.64 low. -EGB's and Bund have sold off rapidly led by the UK curve..
- Bund futures are down -0.65 today at 171.93 with BTP futures down -0.37 at
144.34 and OAT futures down -0.49 at 168.46.
- Gilt futures are down -0.68 today at 131.86 with 10y yields up 6.8bp at 0.704%
and 2y yields up 4.8bp at 0.545%.

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