Gilts are trading a little stronger....>

GILT SUMMARY: Gilts are trading a little stronger early Monday, ahead of GDP

data and as Tuesday's crunch Brexit withdrawal vote looms large.

- The Mar 19 Gilt future is up 14 ticks at 123.50, having traded in a range of

123.40-123.61 thus far.

- The cash curve has bull steepened slightly, with the 2-Yr yield down 1.9bps at

0.718%, 5-Yr down 1.6bps at 0.86%, 10-Yr down 1.5bps at 1.25%, and 30-Yr down

1.6bps at 1.811%.

- With Tuesday's vote (confirmed to be going ahead according to Env. Min. Gove)

looking all but guaranteed to fail (92% according to Betfair odds), weekend's

press focused on the aftermath, with everything from a Tory leadership contest

to fresh elections to another referendum apparently all on the table.

- Earlier, ECJ ruled that the UK can unilaterally revoke Article 50; Gilts

dipped in the immediate aftermath but the impact was quickly priced out.

- Oct GDP Data out at 0930GMT. GDP growth in September was flat m/m. This was

masked by a strong q/q growth rate of 0.6% for Q3. October's data could show

signs of the anticipated Q4 slowdown.