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Gilts are slightly lower amid..........>

GILT SUMMARY
GILT SUMMARY: Gilts are slightly lower amid Cabinet meeting on Brexit, and as
BOE decision awaited at 1200.
- Dec18 Gilt future is off 9 ticks at 121.79, tracking broader global weakness
in bonds as central bank decisions awaited.
- Curve is a little steeper, with belly underperforming: 2-Yr yields up 1bps at
0.804%, 5-Yr up 1.3bps at 1.096%, and 10-Yr up 1bps at 1.494%.
- No change expected by BOE at 1200BST, with almost 0% chance of hike priced in
by OIS curve, and no inflation report.
- Nonetheless, Short Sterling futures weakening this morning, with longer-dated
Green and Blue contracts hardest-hit, off 2.0-3.0 ticks.
- BOE's Carney reportedly attended the first part of the Cabinet meeting this
morning on Brexit, outlining the Bank's planning for No-Deal Brexit, Bloomberg
reported.

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