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- Gilts have rallied slightly since....>

GILT SUMMARY
GILT SUMMARY: - Gilts have rallied slightly since 1045GMT but overall it has
been a quiet session so far with trading within a relatively tight range.
- The 2-year gilt trades at a yield of and the 10-year trades at 0.753% down
from 0.771% 1.262% down from 1.282%.
- The longer end of the curve has steepened with 2s30s trading up to 103.1bps
from 101.4bps.
- The Mar 19 gilt future trades at 123.26 off a morning high of 123.30 and near
the top of the morning range.
- Inflation breakevens continue to push higher with the 5-year benchmark trading
up to 3.160% from 3.130%.
- Equities are extending recent gains with the FTSE 100 trading at 6880 up from
the low of 6585 on 27 December.
- The short sterling futures strip is 0.5-2.5 ticks lower, with slight
underperformance in greens/blues.

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