Pressure on PM Theresa May from........>

GILT SUMMARY: Pressure on PM Theresa May from Conservative backbenchers

continues to build as negotiations reach a dangerous stalemate. Extending the

transition period offers a chance to break the impasse, but would raise the risk

of a confidence motion being called against the prime minister.

- Gilts trade stronger from the open, with little change in the curve.

- The 2-year benchmark trades at 0.759% from 0.772% and the 10-year trades at

1.533% from 1.551%.

- The 2s10s spread trades at 76.5bps and the 2s30s at 116.2bps.

- The Dec Gilt future trades at 121.45 from 121.30 at the open.

- The short sterling futures strip is broadly 2.0-3.0 ticks higher. So far we

have seen little short sterling option flow. 

- Coming up at 0930BST will be the public sector net borrowing data.