Gilts have rallied and cable has.......>

GILT SUMMARY: Gilts have rallied and cable has sold off after monthly GDP data

showed the economy slowing in November on a 3m/3m basis. 

- Five candidates will proceed to the next round of the Labour party leadership

contest: Keir Starmer, Rebecca Long-Bailey, Lisa Nandy, Emily Thornberry and

Jess Phillips. 

- The Mar-20 gilt future trades at 132.15, up 38 ticks from Friday's close and

17 ticks off the day's high; L-H: 131.94-132.32.

- Gilts have rallied with yields 1-5bps lower on the day. Cash yields (Last / 1d

chg / L..H): 2Y (0.4678% / -5.5bp / 0.4671%...0.4794%); 5Y (0.512% / -4.5bp /

0.5115%...0.5239%); 10Y (0.738% / -3bp / 0.7357%...0.75%); 30Y (1.244% / -1.3bp

/ 1.2374%...1.2528%).

- The curve has bull steepened: 2s10s (26.4bp / 2.4bp / 25.7bp..26.6bp); 2s30s

(77bp / 4.1bp / 75.8bp..77.1bp).

- Short sterling futures have broadly rallied with reds outperforming: W (+

5.5/6.5 ticks); R (+ 6.0/6.5 ticks); G (+ 5.0/6.0 ticks); B (+ 3.5/5.0 ticks).