Gilts have opened lower with the.......>

GILT SUMMARY: Gilts have opened lower with the 10-year part of the yield curve

seen leading the underperformance at 3.5bp higher at 1.414%

- Pressure is seen exerted by US Trump's tax reform plan that are seen as having

a greater chance of getting through congress added with Fed hawkish talk on

rates. While comments from BoE Haldane saying that we are "nearing a point" for

a rate hike and that should not be "a source of fear" and would be a "sign of

the economy healing", coupled with newswires reports of possible Brexit

concession from EU on transition talks, are also seen weighing on Gilts.

- A 2-day Bank of England 20-year independent conference starts today with

Governor Mark carney giving welcoming remarks at 0915BST. Main speaker today

will be US Fed Stanley Fischer at 1515BST.

- No data from the UK today so attention will be on German inflation, Eurozone

sentiment indicators, US Q2 GDP & personal consumption data.

- We are also expecting a press conference following latest round of Brexit

talks in Brussels later this afternoon.