Gilts started the session on a firm....>

GILT SUMMARY: Gilts started the session on a firm footing and subsequently

traded sideways through the remainder of the day. Equities have pushed

progressively higher and have held on to the day's gains.

- The Sep-20 gilt future trades at 137.24, 7 ticks off the day's high.

- Cash yields are 1-2bp lower on the day with the curve trade flat. Current

yield levels: 2-year -0.0878%, 5-year -0.0407%, 10-year 0.1953%, 30-year

0.6580%.

- The DMO earlier sold GBP3.5bn of the 0.625% Jun-25 gilt and GBP2.0bn of the

4.50% Sep-34 Gilt. A further GBP761.195mn and GBP329.230mn, respectively, was

sold through the PAOF.

- Tomorrow will see the release of final estimates the June GfK Consumer

Confidence series and the services & composite PMIs. None of which are likely to

be market moving.