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Further denting PM Theresa May's.......>

GILT SUMMARY
GILT SUMMARY: Further denting PM Theresa May's hopes of seeking fresh
concessions from Brussels, EU Commission spokesman Margaritis has indicated that
the withdrawal agreement is not open for renegotiation. Providing a modicum of
support for May are rumours that some Tory eurosceptics may be amenable to
supporting the PMs deal for fear of losing Brexit altogether.
- Gilts sold off early on in the session but momentum subsided just after
1000GMT. On the day yields are now trading near yesterday's close. Current yield
levels: 2-year 0.788%, 10-year 1.321%, 30-year 1.827%.
- The Mar-19 gilt future trades at 122.67 off the 122.53 low for the day.
- Short sterling futures are 0.5-1.0 ticks lower in whites, flat/0.5 ticks
higher in reds/greens/blues.
- UK equities have sold off in line with global markets, while cable has rallied
to 1.2904 from a low of 1.2856.
- There is little in the way of data for the remainder of the week. Next up will
be CBI Trends data for January, which will be published tomorrow.

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