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Following yesterday's parliamentary....>

GILT SUMMARY
GILT SUMMARY: Following yesterday's parliamentary votes, the murmur of no-deal
has been getting louder. Principal Vice President of the European Commission
Frans Timmermans has stated that there is an "increasing risk" of such a
scenario, reiterating a similar statement recently made by EU Deputy Chief
Negotiator Sabine Weyand.
- Markets are still struggling to see through the fog, with cable failing to
push through 1.30. The reaction in the gilt market has been limited. The initial
sell-off subsided by mid-morning with the very long-end outperforming the
subsequent reversal. Current yield levels: 2-year 0.768%, 10-year 1.257%,
30-year 1.734%. The 2s30s spread has narrowed to 95.2bps from 96.9bps.
- The Mar-19 gilt future trades at 123.22 in the middle of the day's range.
- Inflation breakevens have pushed higher with the 5-year benchmark trading up
to 3.085% from 3.053%.
- Short sterling futures are broadly 0.5-2.0 ticks higher.   
- Next up on the data calendar tomorrow will be the GfK Consumer Confidence,
Lloyd Business Barometer and the Nationwide House Price index for January. 

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