Gilt yields have drift higher..........>

GILT SUMMARY: Gilt yields have drift higher through the session, mirroring the

move in core govvies.

- The Mar-20 gilt future trades at 133.89, down 44 ticks from Tuesday's close

and 7 ticks off the day's low; L-H: 133.82-134.14.

- Gilts have sold off with yields 2-4bps higher on the day. Cash yields (Last /

1d chg / L..H): 2Y (0.5263% / +2.9bp / 0.5174%...0.5322%); 5Y (0.4753% / +4.1bp

/ 0.4607%...0.4769%); 10Y (0.6032% / +3.6bp / 0.5882%...0.6048%); 30Y (1.0763% /

+1.5bp / 1.0652%...1.0779%).

- 2s10s (7bp / 0.8bp / 6.3bp..7.1bp); 2s30s (54.3bp / -1.2bp / 53.7bp..54.9bp).

- Short sterling futures have broadly sold off with greens underperforming: W

(broadly - 0.0/2.5 ticks lower); R (- 2.5/3.0 ticks); G (- 2.5/3.0 ticks); B (-

2.0/2.5 ticks).