Gilts have been mildly bid today in....>

GILT SUMMARY: Gilts have been mildly bid today in what has been a relatively

uneventful session.

- The Sep-20 gilt future trades at 137.97, just 1 tick off the day's high.

- Cash yields are 2-3bp narrower with marginal outperformance in the belly of

the curve. Current yield levels: 2-year -0.1106%, 5-year -0.089%, 10-year

0.1402%, 30-year 0.6606%.

- AstraZeneca has said that a coronavirus vaccine being developed in partnership

with Oxford University has shown some promise in early trials.

- Bilateral relations with China continue to deteriorate as the UK government

has indicated that it will suspend the extradition treaty with Hong Kong after

Foreign Secretary Dominic Raab warned over the possibility of such a move in

response to Beijing's contentious security law. 

- Looking ahead, tomorrow will see the publication of public finance data for

June.