- Gilts have sold off across the.......>

GILT SUMMARY: - Gilts have sold off across the curve this morning. 

- The benchmark 2-year gilt trades at 0.747% up from a low of 0.721%, while the

10-year has pushed up to 1.459% from 1.434%.

-  The curve has flattened during the morning session on the back of the short

end underperforming. The 2s10s spread has narrowed to 70.4bps from 71.8bps while

the 2s30s has traded down to 103.4bps from 104.7bps.

- There has been a slew of Brexit-related headlines this morning, including:

- The UK and EU are reported to be considering dropping the October deadline for

reaching a Brexit deal.

- Brexit Secretary Dominic Raab has accused the EU's chief Brexit negotiator

Michel Barnier of not making himself available for talks.

- UK Prime Minister Theresa May has indicated that she will fight former Foreign

Secretary Boris Johnson in the event of a leadership challenge.

- Short sterling futures are 1.0-2.0 ticks lower.