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Gilts have opened modestly lower.......>

GILT SUMMARY
GILT SUMMARY: Gilts have opened modestly lower with the 2-yr to 10-yr part of
the yield curve weighed the most as for once EU's Juncker sounds ever so
slightly positive on Brexit talks saying that progress is being made and will
see after Dec4 meeting if that has been sufficient to move onto trade talks.
10-yr Gilt yield is 0.9bp higher at 1.261%.
- Comments from BoE Tenreyro in a Bloomberg interview -- November rate hike not
premature and 2 rate hikes over next 3-years seems reasonable, also seen
weighing.
- There is only UK Finance loans for housing data released today, however PM
Theresa May is in Brussels meeting senior MEPs and is scheduled to have a
meeting with EU's Tusk were Brexit is likely to be the main topic once again and
possibility of a new exit bill offer being made.
- US returns after Thanksgiving holiday, albeit for only half a day, however
volumes expected to be higher than yesterday.
- Gilt Dec/Mar future Calendar roll is seen increasing today with 12k already
seen blocked.

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