Gilts have traded largely without......>

GILT SUMMARY: Gilts have traded largely without direction Tuesday after opening

sharply lower, but look set to finish weaker on the day overall.

- The Dec 18 future was flat on the day as of 1515BST (day's range of

119.68-119.99), but is now down 11 ticks at 119.85.

- The curve is largely flat, with 2-Yr yield is up 2.2bps at 0.903%, 5-Yr is up

2.5bps at 1.269%, 10-Yr is up 2.8bps at 1.702%, and 30-Yr is up 5.2bps at 2.05%.

- Short Sterling fairly flat on the day, with the Dec21 contract weakest, off 2

ticks (Dec19 through Jun22 off 1.0 tick).

- DMO saw an order book of Stg28.3bln for the 2071 Gilt sale Tuesday; issued

total of Stg5.25bln at 1.25bps below reference 2068 Gilt, and bringing total

outstanding to Stg11.25bln.

- BOE's Broadbent speaking at time of writing; Gov Carney speaks at Mansion

House at 2000BST behind closed doors, and Haldane is up tomorrow.

- On the data front, MNI's data team write that the UK's August GDP data (due

out Weds) is likely to be "humbled after July's strength."