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Gilts began coming to life as US.......>

GILT SUMMARY: Gilts began coming to life as US equity markets opened
mid-afternoon Thursday, with a risk-off tone prevailing globally.
- The Mar 19 Gilt future is up 40 ticks at 124.14, having traded in a range of
123.44 (hit just before 1400GMT) and touching a high of 124.16.
- The 2-Yr yield is down 2.9bps at 0.686%, 5-Yr is down 2.9bps at 0.808%, 10-Yr
is down 3.3bps at 1.176%, and 30-Yr is down 4.5bps at 1.732%.
- FTSE 100 is off 0.6%, with GBP coming back from earlier lows on USDweakness
following a very disappointing US ISM Manufacturing PMI for December.
- Perhaps unsurprisingly, there has been little budging on Brexit positions. DUP
deputy leader Dodds reiterated his party`s objections to May`s withdrawal deal,
and that they will continue to fight the backstop.
- The 2019 data flow begins to pick up with the release Friday of Nov mortgage
approvals and Dec Services/Composite PMIs.

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