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GILT SUMMARY: Gilts have rallied.......>

GILT SUMMARY
GILT SUMMARY: GILT SUMMARY: Gilts have rallied since 1400GMT alongside US TSYs
and core EGBs with the market narrative building around mounting concerns over
global economic growth.
- Yields are 1-2.5bps lower across the curve since yesterday's close with the
very long-end marginally outperforming on the day. The 30-year benchmark yield
trades at 1.672% down from a high of 1.701%.
- The gilt curve has flattened slightly with the 2s30s spread narrowing to
96.8bps from 98.5bps.
- The Mar-19 gilt future trades at 124.29 towards the top end of the day's
range.
- Having held steady for most of the day, inflation breakeven rates took a leg
lower this afternoon with the 5-year benchmark edging down to 3.144% from a high
of 3.160%.
- The short sterling futures strip is 1.5-2.5 ticks higher.