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The Gilt market have had an............>

GILT SUMMARY
GILT SUMMARY: The Gilt market have had an interesting European morning as the
Mar-18 Gilt contract rose to intra-day highs of 125.69 shortly after the open.
The move higher appeared to be largely on thin volumes as reported by traders. 
- However, as the morning progressed the 10Y Gilt contract pared nearly all of
its gains as markets seemed to digest the comments coming out of Brussels, which
have been mainly lauding the efforts of PM Theresa May. 
- In late European morning Reuters reported that "EU leaders approve[ed] second
phase of Brexit talks after 'sufficient progress' on divorce". However, in a
surprising reaction the 10Y Gilt contract ticked marginally higher. The overall
reaction to the headline was largely muted.
- It is worth noting that the Gilt curve has slightly flattened this morning.
- 2-yr Gilt yield is -0.4bp at 0.441%, 5-yr -0.9bp at 0.701%, 10-yr -1.8bp at
1.157% and 30-yr -1.4bp at 1.718% according to Tradeweb.     

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