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

GILT SUMMARY: It has been a relatively quiet session so far in gilt markets with

trading in a tight range.

- UK PMI data for October came in marginally better than expected (Services

50.0% vs 49.7 survey, Composite 50.0 vs 49.5).

- The election campaign is heating up with Labour leader Jeremy Corbyn accusing

PM Boris Johnson of hijacking Brexit to 'sell out the NHS'.

- The Dec-19 gilt future trades at 131.72, down 11 ticks from Monday's close and

5 ticks off the day's high; L-H: 131.44-131.77.

- Gilt cash yields (Last / 1d chg / L..H): 2Y (0.5368% / -0.6bp /

0.534%...0.5507%); 5Y (0.4986% / -0.2bp / 0.4954%...0.514%); 10Y (0.7197% /

-0.2bp / 0.7156%...0.7393%); 30Y (1.2336% / +0.7bp / 1.227%...1.249%).

- 2s10s (17bp / -0.1bp / 16.9bp..18.7bp); 2s30s (68.5bp / 0.8bp /

68.1bp..69.4bp).

- Short sterling futures have broadly sold off with blues underperforming: W

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