Gilts have nearly fully................>

GILT SUMMARY: Gilts have nearly fully round-tripped over the course of Friday.

- After gapping higher by 40 ticks on the open, Gilts weakened as European PMIs

came in stronger than expected, troughing over lunchtime in London. But

Coronavirus fears and weak U.S. PMI data led to a renewed bid in the afternoon.

- Mar 20 Gilt future is up 27 ticks at 134.47, having traded in a range of

134.09-134.6 today. 

- Significant curve flattening seen as the long end has soared: The 2-Yr yield

is down 1bps at 0.506%, 5-Yr is down 0.6bps at 0.45%, 10-Yr is down 1.6bps at

0.56%, and 30-Yr is down 5.4bps at 0.996%.

- There is a dearth of data next week; a few speakers including BoE's Haldane.

- 10-Yr Gilt supply as well for GBP3.25bln on Tuesday.