Gilts have rallied over the course.....>

GILT SUMMARY: Gilts have rallied over the course of Tuesday afternoon as part of

a broader global move.

- The Mar 19 Gilt future is up 38 ticks at 123.43, having traded in a range of

122.98-123.46 today.

- Highs hit in the past half hour or so, with Tsys and Bunds also rallying, on

little apparent catalyst apart from a slight miss on U.S. ISM non-manufacturing

data along the way.

- The 2-Yr yield is down 2.6bps at 0.76%, 5-Yr is down 2.5bps at 0.887%, 10-Yr

is down 3.8bps at 1.239%, and 30-Yr is down 5.1bps at 1.735%.

- BoE meeting looming Thursday. No change expected; latest MNI PINCH update

shows market expectations of a bank rate hike this year have been scaled back

and is now less than a 50:50 outcome.

- 0.125% Aug-2041 Gilt linker syndication this morning went well, with Stg2.5bln

sold on over Stg19.6bln in orders and spread set at +1.75 bps. 

- Little new on Brexit front; PM May to meet Juncker Thursday.

- No key UK data Wednesday.