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Gilts have pulled back within the......>

GILT SUMMARY
GILT SUMMARY: Gilts have pulled back within the last hour, following a sharp
rally running from midday yesterday. 
- The ECB press conference was largely a non-event and had no discernible impact
on gilt markets. 
- The Sep-20 gilt future trades at 138.03, , 17 ticks off the day's high (L:
137.74 / H: 138.20).
- Cash yields are 1-3bp lower on the day with the curve marginally flatter.
Current yield levels: 2-year -0.109%, 5-year -0.0807%, 10-year 0.136%, 30-year
0.6583%.
- The DMO earlier announced an increase to the gilt remit of GBP110bn for
Sep-Nov. There are also two planned syndications for this period.
- Labour market data released this morning came in slightly better than expected
with the unemployment rate holding at 3.9% (vs. 4.2% survey) and more limited
job losses (125k vs 275k) for May.

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