Gilts are flat after trading with no...>

GILT SUMMARY: Gilts are flat after trading with no real direction on Tuesday.

- The Dec 18 Gilt future is down 7 ticks at 122.98, having traded in a range of

122.8-123.27 today.

- The cash curve is trading mixed: 2-Yr yield is up 1.4bps at 0.712%, 5-Yr is up

1bps at 0.924%, 10-Yr is up 1bps at 1.388%, and 30-Yr is up 1.7bps at 1.963%.

- Short Sterling futures off a little; namely, Reds and Greens down a tick.

- PM May set to meet with EC President Juncker Wednesday in preparation for the

weekend`s EU special summit on Brexit. Few Brexit developments today apart from

it looking increasingly like the hardline Brexiteer movement to oust May has

lost steam.

- Main takeaway from the BOE testimony before Parliamentary Treasury Select

Committee today is that BOE will send its detialed Brexit scenario analysis to

the committee on Nov 29, with evidence sessions the following week.

- Carney talked about the possibility of having to tighten monetary policy in

the event of no deal on Brexit - if consumption remains buoyant while the supply

side is hit and sterling heads south.