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- Gilts have sold off sharply this.....>

GILT SUMMARY
GILT SUMMARY: - Gilts have sold off sharply this afternoon with the 10-year
benchmark leading the charge. The 10-year yield trades at 1.254% up from a low
of 1.208% while the 2s10s spread has pushed up to 47.4bps from a low of 44.3bps.
Yields across the curve are 2-3.5bp higher from yesterday's close.
- The Mar-19 gilt future trades at 123.26, near the lows of the day.
- Inflation breakevens were a little stuck this morning, but have since edged up
in line with the gilt sell-off. The 5-year benchmark trades at 3.113% up from a
low of 3.086%.
- Short sterling futures are 0.5-1.0 ticks higher.
- Next up on the data calendar will be the Construction PMI for January, which
will be published on Monday. 

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