Gilts have traded in a wide range......>

GILT SUMMARY: Gilts have traded in a wide range Tuesday though ultimately look

set to finish weaker. 

- The Dec 18 Gilt future is down 20 ticks at 120.50, having traded in a range of

120.35-120.58 today.

- The cash Gilt curve has bear steepened slightly, with the 2-Yr yield up 0.5bps

at 0.832%, 5-Yr up 1.3bps at 1.2%, 10-Yr up 1.4bps at 1.627%, and 30-Yr up

1.6bps at 1.978%.

- Short Sterling futures are weaker across the strip, with losses most acute

between Jun21-Jun22 (off 4.0 ticks).

- BOE MPC`s Vlieghe spoke today and reiterated his view that one to two

25-basis-point rate hikes a year were likely to be appropriate, but only if

there was a smooth Brexit process.

- Wednesday`s data includes Aug Housing loans and Sep CBI retail sales, but most

attention will be paid to the FOMC decision and communications Wednesday

evening.