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RESEND: Gilts have traded lower this...>

GILT SUMMARY
GILT SUMMARY: RESEND: Gilts have traded lower this morning as cross-party Brexit
talks have been taking place before PM May meets Cabinet ministers individually
at Number 10 ahead of Chequers. 
- The Mar 19 Gilt future is down 8 ticks at 120.74, having traded in a range of
127.62-128.27 today. 
- Reports have just emerged that the cross-party talks have now finished,
somewhat early than expected. Downing Street have said there is "nothing in the
diary" for more meetings with opposition MPs over the weekend, but gave no
indication over whether any progress was made towards finding a solution to
May's Brexit deal. 
- Across the curve most of the action this morning has been seen in the long end
where the 10-yr yield fell by 0.8bps to 1.345%. The long end has underperformed
the short ends, yields are up in the longer dated maturities. 
- The 2s10s is 2.1bps steeper, 5s30s 0.4bps steeper. 
- Retail sales data for December this morning was worse than expected, showing a
contraction of 0.9% M/M. 

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