June 3 is the new deadline being.......>

GILT SUMMARY: June 3 is the new deadline being touted for PM May's Brexit deal

to be voted on by parliament. However, the Labour party has warned that it will

vote down the bill unless PM Theresa May makes further concessions. Her own

party is also becoming even more incensed with the PMs leadership: the Evening

Standard reports that May has been give a 24hr deadline by senior Tories to

announce her departure date or risk being forced out.

- The Jun-19 gilt future trades at 128.7, up 41 ticks from Tuesday's close;

L...H: 128.33-129.05.

The Jun-19 gilt future trades at 128.7, up 41 ticks from Tuesday's close and 35

ticks off the day's high; L...H: 128.33-129.05.

- Gilts have rallied with yields 1-5bps lower on the day. Cash yields (Last / 1d

chg / L...H): 2Y (0.6985% / -1.5bp / 0.6848%...0.7053%); 5Y (0.8045% / -3.2bp /

0.7861%...0.81%); 10Y (1.0554% / -4.9bp / 1.036%...1.0619%); 30Y (1.6033% /

-4.2bp / 1.5903%...1.6092%).

- The short sterling futures strip has flattened: W (trades mixed); R (+ 1/2

ticks); G (+ 2.5/3.5 ticks); B (+ 3/4.5 ticks).