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Gilts have been under pressure so far.........>

GILTS
GILTS: Gilts have been under pressure so far Tuesday morning weighed by a
non-escalation in US/China trade tension and and easy win for the government in
the third Heathrow runway vote last night. 10-yr Gilt yield is 1.9bp higher at
1.313% with yield curve slightly steeper as the ultra long-end underperforms.
- There is only UK CBI reported sales data released at 1100BST, however Jonathan
Haskel who replaces Ian McCafferty on the MPC after the August meeting appears
in front of the House of Commons Treasury Select Committee for a pre-appointment
hearing from 1000BST.
- Markets will be interested on his views on current BoE monetary policy and if
they align more with the majority or towards those of who he is replacing, with
McCafferty a know hawk.
- Attention will also be on re-opening of 1.75% Sep 2037 Gilt for Stg2.25bln. 

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