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Gilts have opened on the soft side.....>

GILT SUMMARY: Gilts have opened on the soft side with the yield curve shifting
higher by around 1bp with comments from French President Macron for the moment
outweighing the continued US partial government shutdown. 10-yr Gilt yield is
1.2bp higher at 1.349%.
- Macron said in an interview on Sunday that it would be possible for the UK to
get a bespoke trade deal, but only if they accept certain "preconditions". The
French president said that while a special solution could be secured, full
access to the single market without accepting its rules was "not feasible".
- Negations to end the federal government shutdown in the US senate are
continuing and another vote is expected later today. So far the impact of the
partial shutdown has been small, however risk is that it could effect release of
some US data later in the week.
- There is a dearth of UK and Eurozone data released today, so attention likely
to remain on UK and US politics. There are some Gilt coupon payments of
Stg3.33bln scheduled today, which should underpin markets.

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