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Gilts are off slightly, as markets.....>

GILT SUMMARY
GILT SUMMARY: Gilts are off slightly, as markets eye the next stage in the
Brexit withdrawal voting process this evening.
- The Mar 19 Gilt future is down 8 ticks at 123.03, having traded in a range of
123.01-123.34 today. The 2-Yr yield is up 1.7bps at 0.789%, 5-Yr is up 1.7bps at
0.924%, 10-Yr is up 1.7bps at 1.282%, and 30-Yr is up 0.7bps at 1.752%.
- Amendments to the government`s bill will probably be selected by Speaker
Bercow by midday. The most watched will be `Cooper-Boles`, which would extend
Article 50 up until end-2019 if PM May`s gov`t fails to make a deal by Feb 26th.
- Also the `Brady` amendment (backed by May), which "requires the [Irish]
backstop to be replaced with alternative arrangements to avoid a hard border".
- Others include the `Malthouse` plan which compromises between the remain/leave
Conservative party factions desires for a smooth transition but a firm EU exit
by end-March.
- The vote is expected around 1900GMT. The Cooper-Boles amendment looks close,
with the Brady amendment unlikely to pass.

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