Gilts have opened the week slightly....>

GILT SUMMARY: Gilts have opened the week slightly higher, mirroring a

broad-based global uptick in quality bonds.

- In a fairly quiet session, with the U.S. on holiday and minimal data/news

flow, Gilt Dec18 futures have traded in a narrow (20-tick) range since 0930BST -

last up 21 ticks at 119.93.

- The 2-Yr yield is down 2.4bps at 0.896%, 5-Yr is down 2.9bps at 1.261%, 10-Yr

is down 3.2bps at 1.69%, and 30-Yr is down 2.9bps at 2.02%.

- Potential setbacks to last week`s Brexit optimism have helped underpin Gilts.

- Main news today includes confirmation that Brexit Secretary Raab would not

visit Brussels this week; PM May is seeking a `precise future framework`;

Scottish FM Sturgeon would ask for a similar customs deal to NIreland; and a

deal at the EU Council next week is unlikely-`this autumn` the UK`s target.

- Short Sterling futures are a little higher, contracts across the strip up

1.0-2.0 ticks.

- Commons back in session Tues; BOE speak picks up too: Broadbent speaks at

Parliament, while Gov Carney makes a closed-door appearance in the evening.