It has been a fairly quiet morning.....>

BOND SUMMARY: It has been a fairly quiet morning for global core fixed income

with cash yields moving less than a basis point from yesterday's close across

USTs, Bunds and gilts. The biggest moves have been seen in ACGBs following

dovish comments from RBA Governor Lowe overnight.

- Portugal is the only notable mover in the Eurozone with spreads to Bund 3.1bp

tighter but there is no real notable news flow.

- Gilts have largely brushed off the latest Brexit news with headlines

suggesting Labour will vote against May's deal and a number of Tory MPs who had

previously supported the deal have now switched away, including Jacob Rees-Mogg.

The chances of the deal being passed remain remote.

- TY1 futures are up 0-1 today at 124-010 with 10y UST yields down -0.8bp at

2.409% and 2y yields unch at 2.222%.

- Bund futures are up 0.05 today at 166.84 with 10y Bund yields down -0.1bp at

-0.90% and Schatz yields up 0.4bp at -0.644%.

- Gilt futures are up 0.14 today at 128.83 with 10y yields down -0.5bp at 1.049%

and 2y yields down -0.2bp at 0.706%.