Gilts have had a fairly quiet start....>

GILT SUMMARY: Gilts have had a fairly quiet start to the week by recent

standards, though this may merely be the calm before the storm as Parliament

begins wrangling over the Brexit withdrawal bill next week.

- The Mar 19 Gilt future is up 30 ticks at 123.46, having traded in a range of

123.14-123.66 over the course of Monday.

- Modest bull flattening in the cash curve: 2-Yr yield is down 1.1bps at 0.746%,

5-Yr is down 1.9bps at 0.876%, 10-Yr is down 3.3bps at 1.243%, and 30-Yr is down

3.8bps at 1.77%.

- BoE rate hike expectations have moderated over the past few weeks per MNI

PINCH, but markets are still pricing in the next move to be a hike: 60% prob of

a 25bp hike by the end of 2019, down from 85% prior to the Fed's Dec meeting.

- Gilt supply picks up Tuesday with DMO selling Stg2.25bln of 1.625% Oct-28.

- Quiet on data front; Halifax house prices Tuesday. BoE speak is thin as well:

only event is Gov. Carney participating in the online "Future Forum" Wednesday.