In a sign of a hardening of............>

GILT SUMMARY: In a sign of a hardening of positions among Conservative

leadership hopefuls, Rory Stewart has argued that the former Brexit Secretary

Dominic Raab's plan to force through a no deal is illegal.

- Reiterating similar recent comments, Speaker of the House of Commons has

stated the parliament will be central to Brexit, which is a coded message for

Brexiteers wanting to try and force through a no-deal Brexit. 

- The Sep-19 gilt future trades at 130.11, up 13 ticks from Wednesday's close

and 7 ticks off the day's low; L-H: 130.04-130.33.

- Gilts have rallied slightly with the short end outperforming. Cash yields

(Last / 1d chg / L..H): 2Y (0.5563% / -1bp / 0.5416%...0.5596%); 5Y (0.6113% /

-0.8bp / 0.5948%...0.6125%); 10Y (0.8548% / -0.8bp / 0.8344%...0.8556%); 30Y

(1.4455% / -0.5bp / 1.4276%...1.446%).

- Short sterling futures have broadly rallied: W (broadly + 0.5/3.0 ticks

higher); R (+ 3.5/4.5 ticks); G (+ 4.0/4.5 ticks); B (+ 3.0/4.5 ticks).