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Gilts are currently trading mixed......>

GILT SUMMARY
GILT SUMMARY: Gilts are currently trading mixed having reversed opening higher
move as markets fade safe-haven bid as Turkish Lira stabilises, albeit in lower
range. The 10-yr sector is outperforming the rest of the yield curve with
10s/30s 0.8bp steeper.
- 2-yr Gilt yield is -0.1bp at 0.704%, 5-yr -0.4 at 0.988%, 10-yr -0.7bp at
1.24%, 30-yr +0.1bp at 1.718% & 50-yr +0.1bp at 1.57% according to Tradeweb.
- Earlier Gilts opened higher, supported by risk-off bid as markets digested
weekend comments from Turkish President Erdogan and took cue from rally in US
Treasuries and German Bunds.
- Markets faded the move however, likely weighed by newswire reports that PM May
is looking at keeping UK tied to EU rules for longer in order to break deadlock
on Irish border issue. While there are also reports that 50 Tory MPs are to form
a group to counter Brexiteers.
- Short sterling futures are steady to 2 ticks higher, with Sep20 to Jun21
contracts outperforming the rest of the strip.

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