Gilts have opened lower, taking cue from......>

GILTS: Gilts have opened lower, taking cue from sell-off seen in US Treasuries

and German Bunds as trade tension between US and EU ease following Trump/Juncker

meeting. While a Bloomberg story on a possible Irish border compromise is also

seen weighing on Gilts. 10-yr Gilt yield is 2.3bp higher at 1.291% and is

leading the rest of the curve higher.

- Bloomberg reports that British officials are considering allowing the EU to

impose its market regulations on Northern Ireland, while the rest of the U.K.

breaks away after Brexit. However, this is likely to cause a rift with the DUP

so far from certain if it would work.

- Latest Brexit talks come to a close today and there could be comments from

either Barnier and or Raab on any progress, if any, has been made. 

- There is a dearth of Uk data over the next couple of days, sp attention will

be on todays ECB meeting and newswire headlines on trade/Brexit.

- Short sterling futures are trading lower, strip steeper as blue contracts 2 to

3 ticks lower