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Gilts sold off sharply at the open,....>

GILT SUMMARY
GILT SUMMARY: Gilts sold off sharply at the open, catching up to global peers
following Monday's UK Bank Holiday that saw a surge in equities amid stronger
risk appetite.
- Gilt Sep futures fell as far as 34 ticks at the open to 122.99, last trading
at 123.05.
- The curve is a little flatter, with 2-Yr yields up 2.6bps at 0.749%, 5-Yr up
2.5bps at 1.042%, 10-Yr up 1.7bps at 1.449%, and 30-Yr up 2.0bps at 1.782%.
- Short Sterling is off 2-3 ticks in Reds through Blues.
- PM May's comment that no-deal Brexit was not the 'end of the world' sank GBP a
little after 0600BST but has recovered those losses.
- No key UK data today, and little for the rest of the month, with the DMO
Oct-Dec Gilt issuance announcement on Friday the highlight.

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