Gilts are trading a little higher......>

GILT SUMMARY: Gilts are trading a little higher early Friday, as PM May looks to

have returned from Brussels with little to show for her trip.

- The Mar 19 Gilt future is up 12 ticks at 123.45, having traded in a range of

123.23-123.48 thus far. 

- The 2-Yr yield is down 3.3bps at 0.74%, 5-Yr is down 3.5bps at 0.88%, 10-Yr is

down 3.5bps at 1.254%, and 30-Yr is down 2.6bps at 1.812%.

- By all accounts, May got nowhere with the other 27 EU leaders on a legally

binding commitment to avoid falling back on the Irish backstop.

- No 10 spokesperson said EU leaders gave a clear commitment to negotiating a

trade deal quickly after UK withdrawal, but tone from Brussels less

conciliatory. 

- Key quote from EU's Juncker was that it was time for the UK 'to say what they

want instead of asking us to say what we want`.

- No key UK data out today; next week we get GDP, CPI and BoE MPC decision.