Gilts are stronger early Thursday,.....>

GILT SUMMARY: Gilts are stronger early Thursday, joining in a US-led global

fixed income rally following US Fed Chair Powell's dovish comments late Weds.

- 10-Yrs outperforming on the curve: 2-Yr yield is down 3.3bps at 0.721%, 5-Yr

is down 3.9bps at 0.906%, 10-Yr is down 4.7bps at 1.33%, and 30-Yr is down

2.8bps at 1.997%.

- Today is First Notice for Dec18 Gilt futures; the Active contract shifts to

Mar19.

- Short Sterling strip bull flattening, with Blues up 4-5 ticks.

- BoE's Carney on Radio 4 this morning had little new on the Brexit scenario

analysis released Wednesday, which resulted in a temporary mini-rally around the

time of release but quickly faded.

- EU`s Barnier reiterated this morning in Brussels that there would be no

further amendments to the Brexit Withdrawal Bill.

- BoE Money and credit data for October out at 0930GMT, a day after the Bank

stress test results were released. Mortgage approvals dropped in September to

63,500 and the volatile net credit data dipped to Stg0.8bn.