Gilts have also opened on the back foot,......>

GILTS: Gilts have also opened on the back foot, unconcerned about the

resignation of Brexit Secretary David Davis as so far the rest of there Cabinet

has backed PM May on the proposed customs plan. This could also be the chance

for PM May to bring in a supporter of her policies and tip the balance in the

Brexit cabinet to more softer leaning one.

- UK 10-yr Gilt yield is 2.2bp higher at 1.288% and is leading the rest of the

yield curve higher. 2s/10s is 0.8bp steeper, while 10s/30s is 0.6bp flatter

- There is no data from the UK today, but while BoE Haldane is making a number

of townhall meeting in the North East of England, no official comments are

expected. So markets looking ahead to key events later in the week, including

ONS first monthly GDP estimate and industrial production data tomorrow. Then

comments from Carney on Wednesday and Cunliffe on Friday

- DMO is expected to launch a new Aug-41 IL gilt via syndication this week