Following the BoE's decision to........>

GILT SUMMARY: Following the BoE's decision to leave the policy rate on hold,

sterling money markets and gilts sold off sharply.

- The Mar-20 gilt future trades at 134.68, down 21 ticks from Wednesday's close

and 28 ticks off the day's low; L-H: 134.4-135.52.

- Gilts have sold off with yields 2-8bps higher on the day. Cash yields (Last /

1d chg / L..H): 2Y (0.5008% / +7.5bp / 0.4991%...0.5243%); 5Y (0.4277% / +5.4bp

/ 0.4208%...0.4489%); 10Y (0.5425% / +2.8bp / 0.5328%...0.5634%); 30Y (1.0426% /

+1.9bp / 1.0265%...1.0597%).

- The curve has bear flattened: 2s10s (2.5bp / -5.7bp / 1.5bp..7.2bp); 2s30s

(52.7bp / -6.3bp / 50.7bp..58.2bp).

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

7.0/9.5 ticks); R (- 5.5/6.5 ticks); G (- 3.5/5.0 ticks); B (- 2.5/3.0 ticks).