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Gilts continue to trade in a...........>

GILT SUMMARY
GILT SUMMARY: Gilts continue to trade in a relatively tight range, with the
market seemingly weighing the conflicting statements from EU Brexit negotiation
chief Michel Barnier (indicating the prospect of a special trade relationship
with the UK) and the UK's Brexit Secretary Dominic Raab (highlighting risks of
no deal).
- The gilt curve has flattened slightly since the open with the 2s10s spread
narrowing to 71.6bpos from 72.6bps and the 2s30s pushing down to 103.9bps from
104.8bps. 
- Inflation breakevens are little changed on the day. 
- Short sterling futures are around 1.0 tick lower. Two decent sized short
sterling option blocks went through earlier in the day. 
- Consumer credit and mortgage approvals data was a touch weaker than expected.
The last block of data for this week will be the GfK Consumer Confidence
indicator and the Nationwide House Price Index due out tomorrow.

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