Gilts are trading weaker Monday as.....>

GILT SUMMARY: Gilts are trading weaker Monday as the Brexit endgame draws a

little nearer.

- The Dec 18 Gilt future is down 25 ticks at 122.85, with some bear steepening

in the curve: 2-Yr yield is up 1.5bps at 0.759%, 5-Yr is up 2.2bps at 0.969%,

10-Yr is up 2.4bps at 1.405%, and 30-Yr is up 2.2bps at 1.957%.

- Short-Sterling futures off 1-2 ticks across the strip.

- The European Council`s approval of the Brexit withdrawal agreement Sunday puts

focus firmly on UK passage of same. The parliamentary vote on PM May's 'take it

or leave it' deal is due to take place on December 12. 

- May challenges opposition leader Jeremy Corbyn to a live TV debate on the

Brexit withdrawal bill. Our policy team has informed us that May is looking for

a prime time Sunday slot for the TV debate, which would be the 2nd or the 9th.

- The upcoming week sees the BoE publish the bank stress tests on Wednesday and

present the economic impact of different Brexit scenarios on Thursday. MNI

Policy Team analysis suggests there will not be precise forecasts on scenarios.

- UK October BBA mortgage approvals at 0930GMT.