Gilts came off their lows toward the...>

GILT SUMMARY: Gilts came off their lows toward the end of the afternoon but have

weakened significantly overall Tuesday, amid a combination of supply and rising

yields on global counterparts including Bunds and US Treasuries.

- The Dec8 Gilt future is off 25 ticks at 121.73, though went as low as 121.61

just after 1500BST.

- The curve has flattened out slightly after earlier steepening, with the belly

now underperforming. 2-Yr yields up 2.3bps at 0.790%, 5-Yr up 3.3bps at 1.087%,

10-Yr up 2.9bps at 1.498%.

- 30-Yr yield up just 2.2bps at 1.850%, despite new Jan-49 Gilt issuance today.

- Chancellor Philip Hammond confirmed that BoE Governor Carney would have his

term extended to the end of January 2020, and also noted that the timing of the

upcoming budget is complicated by uncertainty over the possible special EU

council in November.

- No key data out Wednesday, with all eyes on the BoE decision Thursday. No

change expected but any further insight into BoE's thinking on Brexit impact

will be watched for.