Gilts are weaker Friday, alongside a...>

GILT SUMMARY: Gilts are weaker Friday, alongside a global risk-on move, and amid

further indications that no-deal Brexit will be avoided.

- The Mar 19 Gilt future is down 29 ticks at 122.23, having traded in a range of

122.18-122.41 today.

- The 2-Yr yield is up 0.6bps at 0.829%, 5-Yr is up 2bps at 0.997%, 10-Yr is up

3.1bps at 1.368%, and 30-Yr is up 3.4bps at 1.887%.

- Plenty of headlines overnight providing support to the view that `no deal`

will be avoided. Main one was the Times reporting that the DUP is open to

keeping the UK in a customs union with the EU.

- DUP "indicated that they could sign up to a Norway-style deal with a customs

union if it removed the threat of the Northern Irish backstop".

- Telegraph reported 5 UK ministers visited PM May warning they could resign

unless she allows a free vote to prevent no deal Brexit.

- GBPUSD weakening after again testing 1.30 level overnight. 

- Dec Retail Sales at 0930GMT. MNI median points to -0.8% m/m (Nov: +1.4% m/m).