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Gilts have rallied through the day,....>

GILT SUMMARY
GILT SUMMARY: Gilts have rallied through the day, but have started to give back
some gains over the past hour. There is yet to be a decisive reversal of the
risk-off theme with the dollar still gaining ground and equities unsteady.
- The Sep-20 gilt future trades at 136.78, towards the middle of the day's range
(137.52 - 138.01)
- Cash yields are up to 4bp lower on the day and the curve has bull flattened.
Current yield levels: 2-year -0.0743%, 5-year -0.00425%, 10-year 0.161%, 30-year
0.5971%. The 2s10s spread is 3bp narrower.
- The DMO earlier sold GBP1.1bn of the 0.125% Mar-29 linker, with an additional
GBP129.576mn taken up through the PAOF facility.
- The CBI reported sales print for June was on the only UK specific release in
what it has been a relatively uneventful day data-wise. 

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