Gilts have drifted lower most of.......>

GILT SUMMARY: Gilts have drifted lower most of Monday, with the highlight being

firmer signs that Parliament`s Brexit Withdrawal Bill vote will be in mid-Jan.

- The Mar 19 Gilt future is down 43 ticks at 123.25, having traded in a range of

123.15-123.62 today.

- Belly of the curve is underperforming: 2-Yr yield is up 3.8bps at 0.761%, 5-Yr

up 4.2bps at 0.908%, 10-Yr up 3.8bps at 1.278%, and 30-Yr up 3bps at 1.822%.

- Labour leader Corbyn`s threat to propose a no-confidence in the Prime Minister

(NOT in the government) if she did not name a date for a parliamentary vote on

the Brexit deal, but this was a tempest in a teapot.

- Not only would this have likely been merely a symbolic vote, but PM May

emerged shortly thereafter to say the vote would take place the week of Jan 14.

- Gilts sold off following this announcement, and May`s pronouncement that 'if

we vote down this deal, there`s no other deal`.

- BoE Thursday likely a non-event, with much more attention paid to Fed on

Wednesday. UK data picks up later in the week as well, with Nov inflation on

Wednesday, Nov retail sales Thursday, and GDP on Friday.