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The EUs Sebine Weyand has stated.......>

GILT SUMMARY
GILT SUMMARY: The EUs Sebine Weyand has stated that Brussels will not reopen the
Withdrawal Agreement and has stated both that there are high risks of a no-deal
Brexit by accident, and that this is in fact the default scenario on March 29 if
no parliamentary consensus is reached.
- Gilt yields lurched lower following Weyand's comments. The longer-end has
outperformed, with the curve flattening. The 10-year benchmark yield trades at
1.281% down from a high of 1.325%, while the 2s10s spread has narrowed to
49.6bps from 51.0bps. 2s30s has similarly traded down 2bps from the high.
- The Mar-19 gilt future trades at 123.00 near the top of the day's range.
- Short sterling futures are 0.5-3.0 ticks lower across the strip, with marginal
outperformance in greens/blues.
- Next up on the data calendar will be consumer credit, mortgage approvals and
money supply data for December, which will be published on Wednesday.   

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