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

GILTS: Gilts have opened on the soft side with the yield curve bear flattening

as the short-end comes under the most selling pressure, despite continued

domestic political concerns, as markets believe the BoE will look through these

concerns and go ahead with a rate hike in August.

- UK 10-yr Gilt yield is 1.1bp higher at 1.283% according to trade web with

2s/30s 0.6bp tighter.

- Theresa May's hopes of winning support for her Brexit compromise have been

dealt a huge blow as Justine Greening has become the first senior Conservative

to support calls for a second referendum, according to the Times. 

- While David Davis has said that he is prepared to join Eurosceptic MPs and

vote against the Government next week in a move that could force ministers into

a climbdown.

- The crucial Trade and Customs Bill is expected to be debated in the House of

Commons this week and there are some rumours that the UK government could accept

amendments to get Brexiteers on her side.