Gilts erased all of Thursday's gains...>

GILT SUMMARY: Gilts erased all of Thursday's gains and then some Friday, as an

equity rebound and very strong U.S. jobs data dampened a dovish narrative.

- The Mar 19 Gilt future is down 79 ticks at 123.23, having traded in a range of

123.14-123.91 today.

- The 2-Yr yield is up 5bps at 0.752%, 5-Yr is up 6.6bps at 0.891%, 10-Yr is up

7.6bps at 1.27%, and 30-Yr is up 5.2bps at 1.8%.

- Losses were pretty steady throughout the day but Gilts hit day's lows as

global equities rallied hard over the late afternoon.

- Brexit talk will heat up again next week after a fairly quiet period, as the

parliamentary recess ends.

- Our Brexit timeline is available at the following link:

http://marketnews-m.objects.xtenit.com/BXT.pdf

- Data highlight next week is UK Nov GDP out next Friday.

- Fairly quiet next week on BoE front; Gov Carney participates in an online Q&A

on Wednesday.