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Gilts are slightly lower to begin......>

GILT SUMMARY
GILT SUMMARY: Gilts are slightly lower to begin the week, following through from
Friday`s sell-off but overall looking far less volatile than EGBs which are
being buffeted by (positive) Italian developments.
- The Dec 18 Gilt future is down 20 ticks at 120.93, having traded in a range of
120.80-121.02 thus far today.
- Relatively little curve movement: the 2-Yr yield is unchanged at 0.808%, 5-Yr
up 0.2bps at 1.151%, 10-Yr up 0.7bps at 1.583%, and 30-Yr up 0.1bps at 1.962%.
- Short Sterling is a little weaker across the strip, off 1.0-2.0 ticks; Greens
weakest (Mar21/Sep21 off 3 ticks).
- Weekend news flow was negative for UK PM May with a pro-EU march in London
drawing 100,000s & more talk of contempt from within her own party/cabinet. That
being said, reports suggest that May is to tell parliament that ~95% of the
Brexit negotiations are now complete.
- A relatively light week for data and BOE speak, with most scheduled event
`risk` from abroad (ECB meeting Thurs, US Q3 GDP Fri).
- On supply front, DMO re-opens 0.125% 2028 Gilt linker Tuesday for Stg1.1bln.

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