Gilts have rallied during the..........>

GILT SUMMARY: Gilts have rallied during the afternoon with yields back on the

lows of the day. Ongoing concerns about Coronavirus appears to be behind the

risk-off tone. 

- The Mar-20 gilt future trades at 134.29, up 21 ticks from Thursday's close and

trading near best levels; L-H: 133.55-134.33.

- Gilt yields are up to 2bps lower on the day. Cash yields (Last / 1d chg /

L..H): 2Y (0.4205% / +0.2bp / 0.4133%...0.4228%); 5Y (0.3923% / -1bp /

0.3865%...0.3993%); 10Y (0.5683% / -2.2bp / 0.5657%...0.5804%); 30Y (1.0637% /

-1.3bp / 1.0609%...1.0756%).

- The curve has flattened: 2s10s (13.9bp / -2.6bp / 13.9bp..16.3bp); 2s30s

(63.4bp / -1.6bp / 63.4bp..66.2bp).

- The short sterling futures strip has flattened: W (trades mixed); R (+ 1.0/1.5

ticks); G (+ 1.0/1.5 ticks); B (+ 1.5/2.0 ticks).