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Gilts are edging higher to begin the...>

GILT SUMMARY: Gilts are edging higher to begin the week, but still look under
pressure overall following on from last week`s non-"no-deal" Brexit optimism and
the global bond sell-off.
- The Dec 18 Gilt future is down 6 ticks at 119.66, having traded as low as
119.45 Friday (which was lowest since late May).
- Curve is fairly flat: the 2-Yr yield is down 0.6bps at 0.914%, 5-Yr is down
0.4bps at 1.286%, 10-Yr is down 0.4bps at 1.718%, and 30-Yr is down 0.4bps at
- Short Sterling futures are off 1.0 ticks across the strip.
- Markets will again be looking to U.S. Treasuries for direction, but
realistically will have to wait until Tuesday for any firm signs as U.S. (and
Japan) are on holiday Monday.
- A few highlights this week, including the return of the House of Commons from
the party conference recess and Aug monthly GDP on Wednesday.

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