Intensifying concerns over global......>

GILT SUMMARY: Intensifying concerns over global trade have been the focus this

morning following US President Donald Trump's threat to impose tariffs on Mexico

in a bid to curb migration. Gilts opened on a strong footing and yields have

drifted lower through the morning. 

- Domestically, the Conservatives have hit a new low in YouGov's opinion poll,

while the Lib Dems were top with 24% backing. 

- There are now 12 MPs that have entered the Conservative leadership race after

Mark Harper declared.

- The Sep-19 gilt future trades at 130.02, up 41 ticks from Thursday's close and

12 ticks off the day's high; L-H: 129.87-130.14.

- Gilts have rallied with yields 2-3bps lower on the day. Cash yields (Last / 1d

chg / L..H): 2Y (0.5844% / -2.5bp / 0.5744%...0.5869%); 5Y (0.6247% / -3.1bp /

0.6161%...0.6295%); 10Y (0.8615% / -3.5bp / 0.8513%...0.8654%); 30Y (1.4592% /

-2.9bp / 1.4501%...1.4595%)