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

GILT SUMMARY
GILT SUMMARY: Gilts have opened on the soft side with the yield curve currently
seen shifting higher by around 1.3bps, as markets digest latest Brexit news and
look ahead to raft of UK data and BoE MPC decision on Thursday. 10-yr Gilt yield
is 1.4bp higher at 1.449%. 
- Weekend reports mainly highlighted further concessions from the UK in the
latest Brexit negotiations with the EU in order to get a transitional deal
signed off this week. However the Irish boarder still remains a large sticking
point. UK's David Davis and EU's Michel Barnier are expected to hold urgent
talks in Brussels today try to secure the exit transition deal demanded by
business, amid fears of a last-minute row over Ireland.
- In terms of data, it is a slow start but it picks up quickly with UK CPI/PPI
released tomorrow, public borrowing numbers on Wednesday and then retail sales
on Thursday. BoE MPC decision, expected to support market pricing of a May rate
hike, and start of EU summit are then on Thursday.
- BoE also continue its APF re-investment operation this week.

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