Gilts are a little stronger early......>

GILT SUMMARY: Gilts are a little stronger early Tuesday, with January labour

market date due out shortly.

- The Mar 19 Gilt future is up 10 ticks at 124.18, having traded in a range of

123.98-124.20 today. Some strength seen mirroring a move up in Bunds after weak

Italian data at 0900GMT.

- The 2-Yr yield is down 1.2bps at 0.721%, 5-Yr is down 1.2bps at 0.807%, 10-Yr

is down 1.2bps at 1.154%, and 30-Yr is down 0.8bps at 1.676%.

- Not much market reaction to internal Labour Party fissures, with more MPs

rumoured to be considered leaving the fold.

- More could be in the offing, though: Sun reported that "at least 6"

Conservative MPs could defect to the newly-formed Independent Group; Daily Mail

saying up to 50 MPs could defect.

- Jan UK Labour Force Survey Data at 0930GMT. 

- Our data team notes the report will likely show continued strength in the

underlying jobs market and a pick-up in average earnings. Unemployment is

expected to hold steady at the multi-decade low of 4.0%.