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OPTIONS

Expiries for Dec09 NY cut 1000ET (Source DTCC)

US TSY OPTIONS

More 10Y Vol Sales

US TSY FUTURES

Extending Session Lows Post JOLTS

POLAND

NBP Raises Policy Rate By 50bps

GILT SUMMARY
GILT SUMMARY: Gilts saw 2-way flow in the afternoon, but overall remain higher
underpinned by risk-off sentiment as US/China trade concerns lingered throughout
the day. 10-yr sector continues to lead the rest of the curve higher with 2s/10s
2.2bp tighter and 10s/30s 1.7bp wider.
- 2-yr Gilt yield is -1.4bp at 0.705%, 5-yr -2.4bp at 1.024%, 10-yr -3.6bp at
1.285%, 30-yr -2.1bp at 1.758% & 50-yr -1.8bp at 1.575% according to Tradeweb.
- There has been no real update on Brexit. Earlier EU's Barneir said that the UK
needed more "realism" on what they can get after Brexit.
- Short sterling strip remains 1 to 4 ticks higher led by green/blue contracts,
while swap spreads are little changed and breakevens between 1.1bp and 1.5bp
tighter as oil reverses gains.
- Get BOE capital issuance and CBI trends survey published tomorrow, however,
unlikely to have much impact on Gilt markets as attention will be on Thursday's
BOE monetary policy decision and statement. While DMO launches a new 10-yr Il
Gilt tomorrow for Stg1.25bln.