Gilts are trading flat-to-higher and...>

GILT SUMMARY: Gilts are trading flat-to-higher and in a narrow range thus far

Wednesday, while Sterling and equities have risen.

- Dec 18 Gilt futures up 5 ticks at 121.53, having traded in a range of

121.42-121.56. 

- Yields modestly lower across the curve: 2-Yr yield down 1bps at 0.812%, 5-Yr

down 0.7bps at 1.103%, 10-Yr down 1bps at 1.529%, and 30-Yr down 0.6bps at

1.935%.

- Short Sterling futures strip largely flat.

- Generally risk-on atmosphere post-US midterm elections, and after mixed Brexit

deal headlines Tuesday. FTSE 100 up 0.8% at 7,099.55; GBPUSD up 0.3% at 1.3141.

- Senior ministers have agreed they want to reach a Brexit deal by the end of

November, cabinet sources told the BBC.

- Focus is on whether a withdrawal deal can be reached and signed off at a

special summit at end-November.

- Only key UK data today was Halifax House Prices, a little low on M/M (0.7% v

0.8% survey), but 3M/3M beat (1.5% vs 1.3% survey).