EGB/GILTS: UK Prime Minister Boris.....>

BOND SUMMARY: EGB/GILTS: UK Prime Minister Boris Johnson has so far refused to

backtrack from his demands to remove the contentious Irish backstop, with

sterling weakness weighing heavily in the background. 

- The DUP have waded into the debate with Jeffrey Donaldson arguing that it is

right for the prime minister to take a tough line, while the party leader Arlene

Foster has stated that nobody wants a no-deal Brexit and that her party is

focused on getting a deal.

- Gilts trade mixed from the open and near yesterday's closing levels. 2-year

0.437%, 5-year 0.405%, 10-year 0.636%, 30-year 1.358%.

- German bunds trade a touch firmer ahead of today's Aug-29 bund auction.

Current yield levels: 2-year -0.768%, 5-year -0.687%, 10-year -0.402%, 30-year

0.172%.

- According to Repubblica, Deputy PM Matteo Salvini is said to be mulling an

early vote in 2020. BTP yields have inched lower <1bp.

- French CPI came in slightly above consensus, with OATs shrugging off the mild

surprise.