Labour leader Jeremy Corbyn has........>

GILT SUMMARY: Labour leader Jeremy Corbyn has indicated that he will not back a

second referendum following the win for his party in the Peterborough

by-election. 

- Earlier in the day the allegations of misconduct in office levelled at Boris

Johnson were dropped, seemingly paving the way for a clear run at the

Conservative leadership. 

- The Sep-19 gilt future trades at 130.59, up 21 ticks from Thursday's close and

trading near best levels; L-H: 130.09-130.61.

- Gilts have rallied with yields 1-2bps lower on the day. Cash yields (Last / 1d

chg / L..H): 2Y (0.5228% / -1.4bp / 0.5208%...0.533%); 5Y (0.5759% / -1.3bp /

0.5753%...0.5878%); 10Y (0.8131% / -1.2bp / 0.8122%...0.8249%); 30Y (1.397% /

-0.9bp / 1.3962%...1.4094%).

- Short sterling futures have broadly rallied with greens slightly

outperforming: W (broadly + 0.0/0.5 ticks higher); R (+ 1.5/4.0 ticks); G (+

3.5/4.0 ticks); B (+ 2.5/3.5 ticks).