Gilt yields are opening by 0 to 1bp....>

GILT SUMMARY: Gilt yields are opening by 0 to 1bp lower today, responding to

news of the North Korean hydrogen bomb test. 

- While certainly concerning, the bond market has become fairly immune to North

Korean moves and so, the bigger moves are being reserved for Treasury markets

and the JPYUSD. 

- Gilts are expecting details on the timing of the Gilt 2.5% 2065 syndicated

deal. For some reason, these tend to be Tuesday's business but all we know so

far is that it should be this week's business.

- BoE's Asset Purchase Facility purchase operations re-start this week and  it

purchases 8 Gilts at Monday's operation in the 3-/7-year category for

Stg1.125bln size. Maturities include: 3.75% 2020, 1.50% 2021, 3.75% 2021, 4.00%

2022, 0.50% 2022, 1.75% 2022, 0.75% 2023 & 2.25% 2023.

- Technically, the Gilt contract appears week after dipping below the channel

base at the back end of last week.