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Nominal Gilts are slightly weaker......>

GILT SUMMARY: Nominal Gilts are slightly weaker Wednesday, though the real
action has been in linkers after official talk of switching from RPI to CPI.
- The Mar 19 Gilt future is down 11 ticks at 122.59, having traded in a range of
122.5-122.92 today.
- The 2-Yr yield is down 1.1bps at 0.818%, 5-Yr is unchanged at 0.966%, 10-Yr is
up 1.6bps at 1.327%, and 30-Yr is up 2.2bps at 1.836%.
- Linker moves more interesting after the House of Lords Economic Committee
recommended scrapping RPI and moving to CPI, though unclear whether this finding
will translate into action. 10-Yr real yields up 11bps at -1.903%.
- On Brexit front, two dates for the diary were presented by House Leader
Leadsom earlier : Jan 21 (confirmed) for the government to unveil its withdrawal
`Plan B`, and Jan 29 for the vote.
- PM May said to be `reaching out` to other parties, but little forthcoming on
compromises, in public at least. Still no direct talks between May and
opposition Corbyn.
- Friday`s highlight set to be Dec retail sales at 0930GMT.

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