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Gilts are flat-to-higher to open the...>

GILT SUMMARY
GILT SUMMARY: Gilts are flat-to-higher to open the week, seeking direction after
a fairly uneventful weekend events-wise and ahead of a light week for data.
- Sep8 future is down 5 ticks at 123.70, basically steady after a 20-tick drop
late in Friday`s session.
- The Gilt curve is flat, with no move in the 2-Yr (0.708%), a 0.1bps increase
in the 5-Yr yield to 0.987%, and 30-Yr yields down 0.2bps  at 0.971%.
- Short sterling is weaker across the strip, with Reds through Blues off around
a tick.
- Virtually no data today or the rest of the week in an extremely light UK
calendar. July public sector borrowing on Tuesday the highlight.
- However, markets awaiting news from DMO meeting with GEMMs Monday afternoon on
Oct-Dec issuance.

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