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Rumours of a cabinet revolt against....>

GILT SUMMARY
GILT SUMMARY: Rumours of a cabinet revolt against PM Theresa May continue to
swirl, although talks of a forced departure has been ongoing since the last
election. The gilt market seems unfazed. 
- Gilt yields have drifted lower this morning and the curve has flattened
slightly. The benchmark 2-year gilt trades at 0.798% down from 0.817%, while the
10-year trades at 1.575% down from 1.594%.
- The 2s10s spread has narrowed to 77.1bps down from 78.2bps.
- The Dec 18 gilt future trades at 121.02 up from a morning low of 120.8.
- The short sterling futures strip is broadly down 1.0-2.0 ticks. Option flow
has been relatively light so far.
- The data calendar is light this week with the only significant release being
the CBI Trends survey for October, which will be published tomorrow.

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