Gilts have fallen this morning as......>

GILT SUMMARY: Gilts have fallen this morning as Brexit headlines have begun to

remerge. 

- Brexit Secretary Barclay has stated that he has no intention of moving back

the Brexit vote amid suggestions that May might stall for time again.

- Shortly after former Brexit Secretary Davis  added that he thinks the "EU are

testing the mettle of the British government but will come back to negotiate at

the last possible moment if the UK holds firm". 

- The Mar 19 Gilt future is down 26 ticks at 123.17, having traded in a range of

123.08-123.29 today.

- The belly of the curve has underperformed thus far with 5-Yr yield up 1.8bps

at 0.906% and 10-Yr up 2bps at 1.274%.   

- Elsewhere the 2-Yr yield is up 1.2bps at 0.771%, and 30-Yr is up 1.1bps at

1.79%.

- Tomorrow will see the commencement of 3 days of debate on Brexit before the

meaningful vote on the 15th.