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Having opened on a strong footing,.....>

GILT SUMMARY
GILT SUMMARY: Having opened on a strong footing, gilts have traded sideways
through the session.
- US Secretary of State Mike Pompeo has urged Westminster to reassess its recent
decision to allow Huawei a role in developing the UK's 5G network.
- The Mar-20 gilt future trades at 134.79, up 17 ticks from Tuesday's close and
8 ticks off the day's high; L-H: 134.56-134.87.
- Gilts yields are up to 2bps lower on the day. Cash yields (Last / 1d chg /
L..H): 2Y (0.4371% / -0.1bp / 0.4322%...0.4421%); 5Y (0.3886% / -0.7bp /
0.3809%...0.3962%); 10Y (0.5297% / -2.1bp / 0.5229%...0.54%); 30Y (1.0361% /
-2.4bp / 1.0295%...1.0441%).
- The curve has bull flattened: 2s10s (8.6bp / -1.8bp / 8.4bp..9.4bp); 2s30s
(59.2bp / -2.1bp / 59.1bp..60.5bp).
- Short sterling futures have broadly sold off with greens underperforming: W
(broadly - 0.0/0.5 ticks lower); R (broadly - 0.0/0.5 ticks lower); G (+ 0.5
tick); B (trades mixed).

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