Following yesterday's parliamentary....>

GILT SUMMARY: Following yesterday's parliamentary votes on 'no-deal' Brexit, MPs

are gearing up for the next vote on a Brexit extension. Even if parliament

supports an extension, unanimous consent from the EU27 would be required. 

- European Council President Donald Tusk has indicated that he will appeal to

the EU27 for a lengthy extension, while the influential MEP Guy Verhofstadt has

argued that this would first require the UK parliament to provide a consensus

opinion on Brexit.

- Gilts have traded weak this morning with yields ~1.7-3.0bp higher on the day.

Current yield levels: 2-year 0.768%, 5-year 0.952%, 10-year 1.228%, 30-year

1.748%.

- The Jun-19 gilt future trades at 126.64 near the middle of the day's range.

- Inflation breakevens have inched lower with the 10-year benchmark trading at

3.136% down from 3.182%.

- The short sterling futures strip has steepened with whites down 0.5-1.5 ticks

and greens/blues down 3.0-4.0 ticks.