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Gilts have edged higher in London......>

GILT SUMMARY
GILT SUMMARY: Gilts have edged higher in London afternoon trade, supported by
rally in US Treasuries as NY traders got to their desks with most of it future
led with no catalyst seen to trigger the move. Yield curve is little changed
shifting lower by circa 2bps.
- 2-yr Gilt yield is -1.8bp at 0.731%, 5-yr -2.3bp at 1.035%, 10-yr -2.4bp at
1.304%, 30-yr -2.2bp at 1.747% & 50-yr -2.5bp at 1.603% according to Tradeweb.
- Earlier, the Gilt future opened lower on light risk-on flows, but gradually
recovered lost ground and squeezed higher as markets digested latest Brexit
rhetoric. The future then traded sideways with little seen to direct markets
before NY opened.
- Gilts edged higher in run-up to NY cross over, likely on trade and
geopolitical concerns (Iran sanctions), however volumes remained very light.
Some decent buying was seen in front end of the short sterling strip which
supported bid in Gilts. 
- Short sterling futures are trading 1 to 4 ticks higher, strip flatter as blue
contracts outperform white/red contracts. 

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