Following this morning's slew of.......>

GILT SUMMARY: Following this morning's slew of GDP, IP and trade data, the UK

data calendar will be relatively light until next week. Earlier today BoE Deputy

Governor Jon Cunliffe argued that future relations with the EU should be "stable

and built on good faith" following comments from Chancellor Sajid Javid

indicating that the UK could look to diverge from EU rules. 

- The Mar-20 gilt future trades at 134.31, down 16 ticks from Monday's close and

21 ticks off the day's high; L-H: 133.98-134.52.

- Gilts now trade mixed on the day. Cash yields (Last / 1d chg / L..H): 2Y

(0.5009% / +2.1bp / 0.4844%...0.5029%); 5Y (0.4357% / +2.4bp /

0.416%...0.4379%); 10Y (0.5729% / +1.8bp / 0.5525%...0.573%); 30Y (1.0625% /

-0.2bp / 1.0485%...1.0651%).

- The curve has flattened: 2s10s (6.5bp / -0.2bp / 5.9bp..7.6bp); 2s30s (55.4bp

/ -2.2bp / 55.3bp..58.9bp).

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

(broadly - 0.0/1.5 ticks lower); R (+ 1.0 tick); G (- 0.5/1.5 ticks); B (+ 1.0

tick).