Gilts have failed to find decisive.....>

GILT SUMMARY: Gilts have failed to find decisive direction Tuesday, trading now

in the middle of their daily range after a strong open.

- The Mar 19 Gilt future is up 5 ticks at 123.02, having traded in a range of

122.71-123.31 today.

- The 2-Yr yield is up 1.3bps at 0.744%, 5-Yr is unchanged at 0.896%, 10-Yr is

down 0.7bps at 1.306%, and 30-Yr is down 5.2bps at 1.959%.

- MNI PINCH update out earlier showed that having fully priced a 25bps BoE hike

by end-2019 a month ago, there is now less than a full hike pencilled in.

- The Brexit withdrawal debate has begun ahead of the vote in a week`s time.

Main development today is the 'Grieve amendment` which could tie the

government`s hands on a `Plan B` if the bill fails to pass on first vote.

- This amendment to be considered later Tuesday, Labour reportedly supporting.

Implications unclear but BBC quoted Tory MP saying it would `end proper Brexit`

via proposal/vote for customs union-type arrangement as Parliament`s Plan B.

- Apart from Brexit Parliamentary debate, next 24 hours sees UK Services PMI and

Chancellor Hammond before Parl. Treasury select committee.