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Gilts have traded in choppy fashion....>

GILT SUMMARY
GILT SUMMARY: Gilts have traded in choppy fashion amid conflicting Brexit
headlines, with Wednesday looking like a major deadline.
- The Dec 18 Gilt future is down 34 ticks at 122.05, having traded in a range of
121.85-122.3 today.
- Curve bear steepening: 2-Yr yield is up 0.7bps at 0.761%, 5-Yr is up 1.6bps at
1.044%, 10-Yr is up 2.7bps at 1.479%, and 30-Yr is up 2.6bps at 1.937%.
- Short-Sterling futures are weaker as well, Sep21-Jun22 off 3 ticks (albeit 2
ticks off the lows).
- Brexit speculation reaching fever pitch, with potential deal still possibly on
the Cabinet table in next day, running up against Wednesday's putative deadline
to set up a Nov EU summit.
- PM May has avoided battle over Parliament's demands to reveal legal advice on
Brexit.
- Strong UK wage data this morning countered by a modestly rising unemployment
rate, little reaction but probably a bit on the hawkish side for BOE.
- Continuing the data parade Wednesday is inflation at 0930GMT.

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