Gilts have been bid throughout the.....>

GILT SUMMARY: Gilts have been bid throughout the session alongside a correction

in global equities and oil prices.

- The Sep-20 gilt future trades at 135.78, 18 ticks off the day's high.

- The gilt curve has bull flattened with the 2s30s spread 5bp narrower on the

day.

- Current cash yields: 2-year -0.0125%, 5-year 0.0644%, 10-year 0.3175%, 30-year

0.7140%.

- Short sterling futures are broadly 0.5-2.0 ticks lower in whites through

greens.

- The DMO earlier launched the 0.625% Gilt Oct 2050 through syndication, placing

GBP9bn with an order book in excess of GBP70bn. 

- The BoE bought GBP1.5bn each of short-/medium-/long-dated gilts.

- The data calendar is light until Friday when monthly GDP, industrial

production, construction output, international trade and index of services data

for April will be published.