Gilts have opened on the back foot as.........>

GILTS: Gilts have opened on the back foot as Friday's trade kicks off with a

risk-on tone to markets. 10-yr Gilt yield is 1.5bp higher at 1.431% according to

Tradeweb and the rest of the curve is not too far behind.

- European equity markets open a touch higher while the British Pound trades

close to recent highs against the US Dollar. 

- Little news overnight to really direct markets though and with limited UK data

released today, markets will be looking ahead to US non-farm payroll and average

hourly earnings data this afternoon.

- Halifax house price index is released at 0830BST but this is unlikely to

impact markets.

- Short sterling strip is mixed, curve touch steeper with white and red

contracts steady to 1 tick higher, while blues are steady to 1 tick lower