Gilts are trading stronger Tuesday,....>

GILT SUMMARY: Gilts are trading stronger Tuesday, but medium-term direction

appears indecisive as the near-term outlook for Brexit remains in the balance.

- The cash curve is bull flattening, with the short end underperforming. The

2-Yr yield is down 3.3bps at 0.634%, 5-Yr is down 4.4bps at 0.747%, 10-Yr is

down 4.3bps at 1.005%, and 30-Yr is down 4.4bps at 1.546%.

- Jun 19 Gilt futures are up 42 ticks at 129.28, having traded in a range of

128.97-129.42 today.

- MPs Letwin and Cooper will try to force the government to rule out a no-deal

Brexit by requiring PM May to ask for an extension of Article 50 beyond the

April 12 deadline. Legislation is due to be debated in Commons on Wednesday.

- The E.U. however does not sound particularly enthused (Barnier: `a strong

justification would be needed` for extension`), and May could push Brexiteers to

support her Withdrawal Deal if the alternative is long extension.

- Not much data this week: today's Mar construction PMI was a touch below

consensus; Wednesday sees Services/Composite PMI.

- Nothing on the BoE speaker slate either. It is all Brexit.