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- Following the rally since early......>

GILT SUMMARY
GILT SUMMARY: - Following the rally since early morning, gilts have pulled back
slightly. Key levels: 2-year 0.727% (down from 0.747%), 5-year 1.029% (1.046%),
10-year 1.442% (1.456%), 30-year 1.777% (1.787%).
- The curve has steepened  since the open with the 2s30s spread widening to
104.2bps from 102.5bps.
- Short sterling futures are flat to 2.0 ticks lower.
- There has been a marginal uptick in market-based measures of inflation
expectations, with the 5- and 10-year breakevens holding above 3%.
- Short sterling option flow has been relatively light this morning. 
- The Evening Standard reports that the UK Treasury has asked Bank of England
Governor Mark Carney to remain in his position for another year. 
- Money supply and consumer credit data are due out on Wednesday, while GfK
consumer confidence and the Nationwide House Price Index are due on Friday.

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