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Gilts are edging higher as PM..........>

GILT SUMMARY: Gilts are edging higher as PM Theresa May faces a no-confidence
vote in her leadership of the Conservative Party later Wednesday.
- The initially limited impact of the news - which came out prior to Gilt open -
suggests either that this was priced in / has little impact as May expected to
win / the permutations are too complex to carry a clear directional move.
- The Mar 19 Gilt future is down 3 ticks at 124.06, having traded in a range of
123.92-124.28 today. Opened up 12 ticks at 124.21, dropped sharply at 0820GMT
before recovering slightly, no real trigger seen.
- PM May speaking at 0830GMT. The vote is between 1800-2000GMT this evening. 
- The 2-Yr yield is up 0.8bps at 0.698%, 5-Yr is up 1.1bps at 0.832%, 10-Yr is
up 0.6bps at 1.194%, and 30-Yr is up 3.4bps at 1.759%.
- DMO this morning sells 0.125% Aug-48 I/L Gilt for Stg0.5bln.
- No major UK data out today.

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