MPs will once again take part in.......>

GILT SUMMARY: MPs will once again take part in indicative votes this evening

and, despite momentum appearing to build behind the idea of a customs union,

there remains limited visibility on the likely outcome. 

- Cabinet ministers have again been instructed to abstain from the votes, while

some of the more eurosceptic members have already threatened to resign if the

government ultimately supports a 'softer' Brexit.

- Gilts have traded weaker this afternoon with yields now 2-3bp higher on the

day. Current yield levels: 2-year 0.646%, 5-year 0.769%, 10-year 1.027%, 30-year

1.573%.

- The Jun-19 gilt future trades at 128.99, near the bottom of the day's range.

- Short sterling futures are broadly 0.5-2.0 ticks lower.

- Looking ahead, the next release on the data calendar will be the Markit

Construction PMI for March which will be published tomorrow.