Gilts also starting Wednesday's trade on......>

GILTS: Gilts also starting Wednesday's trade on the front foot with yields 2.5bp

to 3.5bp lower led by the long/ultra long-end of the curve, supported by growing

concerns over global growth and rise in oil price. 10-yr Gilt yield is 3.4bp

lower at 1.269%.

- A few releases are scheduled from the UK today with the Bank of England

financial stability report for June at 1030BST and then the delayed CBI

Distributive Trades data at 1100BST. 

- BoE Governor Mark Carney is due to hold a press conference on the financial

stability report, however, is unlikely to touch on monetary policy but could

give indications on how the economy will cope with higher interest rates.

- Domestic politics is never far from markets minds and with business leaders

and union leaders from across the UK and the EU joining together to ask for a

pick up in the speed of Brexit negotiations, could add to an already under

pressure Theresa May.

- Sstg strip is 0.5 to 3 ticks higher albeit in very light trade, with curve

touch flatter as green and blue contracts outperforming whites.