It is a busy day of DMO................>

GILT SUMMARY: It is a busy day of DMO announcements for the gilt market.

Following yesterday's announcement that the UK was preparing a Sukuk issue and

that an updated gilt remit would be issued this morning, we have received

confirmation that an extra Stg5bln of gilts will be issued in this fiscal year,

with two extra auctions scheduled for December. Furthermore, the DMO has

confirmed that if the OBR releases updated CGNCR forecasts after the election

there may be further revisions to the remit.

- Despite the increase in remit, gilts are marginally outperforming USTs and

Bunds following the release of disappointing UK labour market data. Wage growth

fell more than expected while the claimant count rate ticked up.

- At 15:30 GMT the DMO will release the agenda for next week's GEMMs and

investors meetings.

- Gilt futures are down -0.05 today at 130.82 with 10y yields down -0.4bp at

0.805% and 2y yields up 0.6bp at 0.565%.