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Gilts are trading a little softer......>

GILT SUMMARY
GILT SUMMARY: Gilts are trading a little softer Monday amid conflicting Brexit
headlines and ahead of UK services PMI data.
- The Dec 18 Gilt future is down 7 ticks at 121.77, having traded in a range of
121.71-121.92 today.
- Cash curve is trading flat, 2-Yr yield up 0.8bps at 0.81%, 5-Yr up 0.7bps at
1.09%, 10-Yr up 0.7bps at 1.501%, and 30-Yr up 0.2bps at 1.898%.
- Brexit unsurprisingly providing the biggest headlines: Sunday Times reported
that an agreement to keep all the UK in a customs union was complete.
- Though Downing St pushed back on this, and Brexit Sec Raab reported by
Telegraph demanding the right to pull Britain out of Irish backstop.
- Cabinet discussions on Brexit set for Tuesday.
- Chancellor Hammond speaks at Commons Tsy committee at 1630GMT; EU negotiator
Barnier speaks in Brussels at 1930GMT.
- UK services PMI (out at 0930GMT) fell in September to 53.9 from 54.3
previously. Today's data will show if the sector remained at its resilient
levels or declined further.

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