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Gilts have progressively sold off......>

GILT SUMMARY
GILT SUMMARY: Gilts have progressively sold off through the day and received a
second wind in the wake of the upside surprise for the US NFP print this
afternoon. In the background equities continue to march higher and oil chalks up
additional gains.
- The Sep-20 gilt future trades at 135.37, near the middle of the day's range.
- The gilt curve has bear steepened with the 2s10s spread 5bp wider on the
current.
- Current yield levels: 2-year -0.007%, 5-year 0.074%, 10-year 0.349%, 30-year
0.782%.
- Short sterling futures are broadly 1.0-2.5 ticks lower across
reds/greens/blues.
- The DMO earlier sold GBP3.5bn of 1-/3-/6-month T-bills.
- Looking ahead to next week, monthly GDP, industrial production, the index of
services and trade balance data all for April will be published. 

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