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Sentiment appears to be shifting.......>

GILT SUMMARY
GILT SUMMARY: Sentiment appears to be shifting slightly on Brexit outcomes
following a cross-party proposal spearheaded by Labour MP Yvette Cooper and
supported by a former Conservative cabinet minister Nick Boles, which would
delay the official Brexit deadline. So far around 60 MPs from across the House
have supported the amendment.
- Gilts have lacked direction so far this morning and the curve is little
changed. Current yield levels: 2-year 0.787%, 10-year 1.309%, 30-year 1.804%.
- The Mar-19 gilt future trades at 122.79 in the middle of the day's range.
- Breakevens trade unch. The 5-year trades at 3.047% and the 10-year at 3.119%.
- The pound seems to be the main beneficiary of a tentative shift in Brexit
mood, with cable holding above 1.30 having gradually pushed higher since
mid-December.
- The short sterling futures strip is broadly 0.5-2.0 ticks higher.
- Next up on the data calendar will be UK Finance Loans for Housing and CBI
Reported Sales data, which will be published tomorrow.

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