Speaking ahead of the G20 summit, PM...>

GILT SUMMARY: Speaking ahead of the G20 summit, PM Theresa May indicated that

she would not committed to voting for whichever Brexit policy the new government

leader will put to parliament. 

- Reflecting the formidable challenge that could face Boris Johnson in Brussels,

European Parliament Brexit coordination Guy Verhofstadt has stated that the PM

hopeful's plan to rewrite the Withdrawal Agreement amounts to the "false

promises, pseudo-patriotism, and foreigner-bashing" that was used to win the

referendum. 

- The Sep-19 gilt future trades at 130.45, down 10 ticks from Wednesday's close

and 5 ticks off the day's high; L-H: 130.04-130.5. Cash yields are a touch

firmer. Current yields (Last / 1d chg / L..H): 2Y (0.5961% / -0.5bp /

0.5945%...0.6017%); 5Y (0.6203% / -0.1bp / 0.6181%...0.6263%); 10Y (0.827% /

-0.3bp / 0.8252%...0.8341%); 30Y (1.4597% / +0.5bp / 1.4588%...1.4715%).

- Short sterling futures trade mixed with blues underperforming: W (+ 0.5/1.0

ticks); R (broadly + 0.0/0.5 ticks higher); G (- 0.5/1.0 ticks); B (- 0.5/1.0

ticks).