The frontrunner in the Conservative....>

GILT SUMMARY: The frontrunner in the Conservative leadership election race,

Boris Johnson, will need to attend a preliminary court hearing over statements

made during the EU referendum campaign in which he argued that the UK was paying

Stg.350mln a week to the EU, which he further claimed could be used to fund the

NHS.

- Johnson's odds on the Betfair Exchange subsequently slipped from ~2.9 this

morning to 3.9.

- The Jun-19 gilt future trades at 130.37, up 15 ticks from Tuesday's close and

5 ticks off the day's low; L-H: 130.32-130.53.

- Gilts trade mixed and close to unch on the day. Cash yields (Last / 1d chg /

L...H): 2Y (0.5947% / -0.1bp / 0.5835%...0.5978%); 5Y (0.6629% / -0.5bp /

0.6518%...0.6663%); 10Y (0.9127% / -0.4bp / 0.9004%...0.9162%); 30Y (1.5069% /

+0.4bp / 1.5008%...1.5119%)

- Short sterling futures have broadly rallied with greens & blues outperforming:

W (+ 0.5/1 ticks); R (trades mixed); G (+ 1/1.5 ticks); B (+ 1/1.5 ticks)