Gilts are higher for the third.........>

GILT SUMMARY: Gilts are higher for the third consecutive session despite a

modest recovery in equities, as PM May's meeting with Conservative

parliamentarians is awaited later Wednesday.

- The Dec 18 Gilt future is up 31 ticks at 122.22, having traded in a range of

121.89-122.3 today. Highs were hit earlier following weak EMU PMI data.

- Some curve flattening with the belly outperforming: the 2-Yr yield is up

0.9bps at 0.746%, 5-Yr is down 1.7bps at 1.038%, 10-Yr is down 1.3bps at 1.456%,

and 30-Yr is down 0.3bps at 1.866%.

- PM May's meeting with the '1922 Committee' is set to take place around

1700-1800BST (based on past precedent).

- While the meeting is anticipated to be largely a non-event, The Sun's

political editor reported that the 'unofficial Brexit war cabinet' was summoned

to 10 Downing St at 1100BST Thursday.

- Short Sterling future strip steepening slightly, with White futures flat,

Blues up 2-4 ticks.

- No key UK data Thursday; some market focus likely on ECB decision.