Gilts continue to be on the front......>

GILT SUMMARY: Gilts continue to be on the front foot, mainly driven by global

factors with US-China trade concerns and Italian deficit headlines helping drive

core bonds higher globally.

- At the time of writing the Brexit Secretary Barclay was concluding his update

to the House of Lords. He has confirmed that the Brexit deal will be brought to

the House in the first week of June and will be voted on that week, irrespective

of whether Labour support can be secured.

- The Evening Standard is reporting this morning that Theresa May has been given

a 24-hour deadline to say when she will quit, as it continues to look unlikely

that any deal currently proposed will be able to gain enough support to pass.

- Gilt futures are up 0.53 today at 128.82.

- 2y yields down -2.3bp today at 0.690%

- 5y yields down -4.0bp today at 0.796%

- 10y yields down -5.5bp today at 1.049%

- 30y yields down -4.6bp today at 1.599%

- 2s10s down -3.1bp today at 36.0bp. 10s30s up 0.9bp today at 55.0bp.