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The Dec 18 Gilt future is up 33........>

GILT SUMMARY
GILT SUMMARY: The Dec 18 Gilt future is up 33 ticks as hope for a Brexit deal
continues to fade.
- However, futures have fallen from early day highs, last trading at 121.5, in
the middle of the day`s range of 121.39-121.59.
- Yields are down across the curve with the 2-year down 2.2bps at 0.82%, the
5-year down 2.5bps at 1.118%, 10-year down 3.1bps at 1.533% and the 30-year down
2.0bps at 1.96%.
- The ultra long end of the curve has under-performed with the 50-year yield
down 1.8bps at 1.87%, steepening the 5s50s curve by 0.7bps.
- Short Sterling a little stronger, with longer-dated contracts (Greens and
Blues) up 3-4 ticks.
- Much of the focus is centered around possible Brexit deal developments next
week and the prospect of a published agreement on Wednesday, although it
wouldn't be the first Brexit deal false drawn.

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