Gilts have sold off through the........>

GILT SUMMARY: Gilts have sold off through the afternoon, although the curve has

avoided the bear steepening that core EGBs have faced. 

- Cash yields are broadly 4-5bp higher across the curve. Current yield levels:

2-year -0.013%, 5-year 0.039%, 10-year 0.228%, 30-year 0.6188%.

- The Sep-20 gilt future trades at 136.87 near the bottom of the day's range and

10 ticks off the low.

- The short sterling futures strip has steepened with whites/reds down 0.5-1.5

ticks and greens/blues down 2.0-4.5 ticks.

- Looking ahead to tomorrow, the Nationwide House Price Index for May and money

supply/consumer credit data for April will be published.

- The ECB will be the main focus for markets this week, with US protests and

US-China tensions simmering in the background and threatening to stoke market

volatility.