It has been a relatively quiet.........>

GILT SUMMARY: It has been a relatively quiet afternoon session with few

headlines to move the meter and little reaction to the US GDP and claims data.

- The Sep-19 gilt future trades at 135.71, down 8 ticks from Wednesday's close

and 16 ticks off the day's high; L-H: 135.52-135.87.

- Gilts have broadly traded weaker. Cash yields (Last / 1d chg / L..H): 2Y

(0.3572% / +1.9bp / 0.3511%...0.3674%); 5Y (0.3003% / +1.6bp /

0.288%...0.3071%); 10Y (0.4405% / 0bp / 0.4268%...0.4465%); 30Y (0.9785% /

-1.1bp / 0.9701%...0.9859%).

- The curve has flattened: 2s10s (6.8bp / -1.7bp / 5.7bp..8.1bp); 2s30s (60.6bp

/ -2.7bp / 59.8bp..63.1bp).

- Short sterling futures have broadly sold off with greens underperforming: w

(trades mixed); R (- 0.5/1.0 ticks); G (- 1.5/2.0 ticks); B (- 1.0/1.5 ticks).