Gilt futures are roughly flat on the...>

GILT SUMMARY: Gilt futures are roughly flat on the day after a choppy session

Thursday, with Brexit vote headlines dominating once again.

- The Jun 19 Gilt future is up 2 ticks at 129.36, having traded choppily in a

range of 129.18-129.73 today.

- A bit of bull steepening in the Gilt curve today, with the belly outperforming

overall. The 2-Yr yield is down 1.8bps at 0.655%, 5-Yr is down 2.2bps at 0.772%,

10-Yr is down 1.3bps at 1%, and 30-Yr is down 0.5bps at 1.533%.

- The Short-Sterling futures strip is trading mixed, with Whites and Reds

flat-to-up 1 tick, while Greens and Reds are 0.5-1.5 ticks lower.

- House Leader Leadsom indicated another vote on Friday, though unclear what

this would be - speculation is that it could be a vote on the Withdrawal

Agreement, with the Political Declaration stripped out.

- In that form, still unclear whether it would attract sufficient support for

passage, with the DUP and Labour reportedly holding firm against the deal.

- Should have a better idea on tomorrow`s business by around 1700GMT.

- That aside, Friday sees some data, including final Q4 GDP and consumer credit.