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Gilts have sold off in Tuesday.........>

GILT SUMMARY
GILT SUMMARY: Gilts have sold off in Tuesday London morning session weighed by
mild risk-on sentiment and a reversal of Monday's gains, while disappointing UK
construction PMI only had a limited positive impact.
- 2-yr Gilt yield is +4.0bp at 0.467%, 5-yr +4.2bp at 0.802%, 10-yr +5.2bp at
1.379% and 30-yr +4.2bp at 1.927% according to Tradeweb.
- Gilts opened weaker with yields around 2.5bp higher across the board, pretty
much wiping out Monday's gains as markets traded with a mild risk-on tone. The
main news overnight were comments from Fed's Kaplan that he has an "open mind"
for December policy meeting.
- Gilts extended sell-off ahead of UK construction PMI on light but steady
selling in futures, but bounced off lows as construction PMI dropped below 50
for the first time since August 2016. However, Gilts slipped lower once more,
taking cue from weak Bunds following higher than expected Eurozone PPI data.
- Looking ahead Brexit Secretary David Davies and Foreign Secretary Boris
Johnson both speak at Conservative Party conference this afternoon. 
- UK breakevens are 0.8-1.6BP wider, while swap spreads are 1-2.5bp tighter.

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