Gilts Strengthen With Brexit Deal Nigh

Treasuries and Gilts are stronger Thursday, with EGB trade closed and amid holiday-thinned volumes.

• Gilts have strengthened since the open, as a press conference with an official announcement on the apparent Brexit deal eagerly awaited (though latest reports suggest this could happen at/close to the early market close).
• UK curve has bull flattened, giving back some of the bearish move Wednesday afternoon when it began looking like a deal was nigh.
• Early close for Tsys too - Mar21 TYs trading with minimal volume (<70k) and within a 3 tick range, with a couple of bill sales today ($65B 4-/8-week auctions at 1000ET) the scheduled "highlight".
• Some attention on House Democrats' attempt to push through legislation raising payments to individuals to $2k via unanimous consent (can be derailed by a single 'no' vote, and that looks likely, setting up a new bill to be put on the floor Monday).
• For those eyeing the exits already: CME floor closes at 1200ET, Globex closes at 1215ET.
• Mar Gilt futures (G) up 54 ticks at 134.78 (L: 134.01 / H: 134.83)
• Mar US 10-Yr futures (TY) up 1.5/32 at 137-26 (L: 137-23.5 / H: 137-26.5)