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Gilts have been unable to claw back....>

GILT SUMMARY
GILT SUMMARY: Gilts have been unable to claw back the losses following this
morning's worse than expected monthly GDP data for April, while UK equities have
managed to hold on to the day's gains.
- The Sep-20 gilt future trades at 137.02, towards the bottom end of the day's
range (136.85 - 137.34.
- Cash yields are 1-2bp higher on the day with the curve trading flat.
- Short sterling futures are 0.5-1.0 ticks higher in whites/reds, flat/1.0 ticks
higher in greens and 0.5-1.0 ticks lower in blues.
- Focus next week will be on the BoE meeting which follows in the wake of the
ECB's recent decision to increase the PEPP by EUR600bn and the FOMC meeting this
which in which the Fed painted a fairly bleak assessment for the economy. Market
consensus expects a GBP100bn increase to the asset purchase programme and no
change in the bank rate.

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