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Gilts have been on the front foot......>

GILT SUMMARY
GILT SUMMARY: Gilts have been on the front foot this morning, largely driven by
risk-off flows on the back of continued concern about Italian spending given
further comments from Italian Deputy PM suggesting that he does not see EU
deficit limits as binding.
- Theresa May will bring the Withdrawal Agreement to parliament for debate in
the first week of June with a vote likely in the second week irrespective of
whether Labour agree to support the bill or not. If May loses this vote, she is
unlikely to survive as PM for much longer. The economic data calendar for the UK
is pretty sparse for the rest of this week with the next key release CPI Wed.
- Gilt futures are up 0.26 today at 128.55.
- 2y yields down -2.2bp today at 0.691%
- 5y yields down -2.7bp today at 0.809%
- 10y yields down -3.1bp today at 1.073%
- 30y yields down -2.3bp today at 1.622%
- 2s10s down -0.9bp today at 38.2bp
- 10s30s up 0.8bp today at 54.9bp

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