Gilts have picked up steam late........>

GILT SUMMARY: Gilts have picked up steam late Wednesday as part of a broader

global move, spurred by dovish Fed comments.

- The Mar 19 Gilt future is up 18 ticks at 123.41, having traded in a range of

122.89-123.42 today - hitting highs as market digested Atlanta Federal Reserve

Pres Bostic indicating the next FOMC could be 'up or down'.

- For cash Gilts, the 2-Yr yield is down 2.3bps at 0.736%, 5-Yr is down 2.4bps

at 0.879%, 10-Yr is down 2.8bps at 1.246%, and 30-Yr is down 4.5bps at 1.764%.

- Some Brexit intrigue as Commons voted to force PM May`s government to come up

with their `Plan B` by Jan 18 if the Withdrawal Bill is voted down on Jan 15.

- This could interrupt the Brexit timeline, with odds on the UK leaving the EU

by Mar 29 now down to around 33% on Betfair.

- BoE Gov Carney currently answering questions in the online Future Forum;

otherwise no BoE speakers this week.

- Dearth of data as well, with Nov GDP out on Friday.