Gilts have opened on the positive side with...>

GILTS: Gilts have opened on the positive side with the 5-yr to 10-yr sector seen

leading the way, but volumes are thin, as markets await a raft of UK data coming

this week, starting today with latest UK labour data.

- UK 10-yr yield is 2.3bp lower at 1.27% with 2s/10s 0.5bp flatter and 10s/30s

0.7bp steeper.

- The Conservative Government managed to win the four votes on the Customs Bill

after bowing to Brexiteer demands, which many newswire says is likely to leave

PM May's Brexit plan in tatters as the EU are now likely to reject it.

- Looking ahead key UK Labour data is released at 0930BST with consensus looking

for unemployment to remain at 4.2% and average weekly earnings ex bonus to tick

lower to 2.7%. Writing in a blog detailing a trip to Wales a couple of weeks

ago, BoE Chief Economist Andy Haldane said that pay pressures have gone up a

gear and could boast inflation.

- The OBR is also expected to publish its fiscal sustainability report today at

1000BST, while BoE Carney, Cunliffe, Baily, Stheeman at Tsy Select Cmte on FSR

0900BST. BoE also publish SONIA reference rate consultation paper.