The government's attempt to present....>

GILT SUMMARY: The government's attempt to present the Withdrawal Agreement again

to parliament by splitting it from the political declaration does not appear to

have garnered any further support ahead of today's vote. The DUP continue to

reject the deal and there is little to suggest that any of the 20-odd hardcore

ERG members are likely to shift position.

- Gilts have sold off slightly today with yields 1-3bp higher across the curve.

Current yield levels: 2-year 0.667%, 5-year 0.791%, 10-year 1.022%, 30-year

1.556%.

- The long-end of the curve has flattened slightly with the 2s30s spread

narrowing to 87.6bp from 88.4bp.

- The Jun-19 gilt future trades at 129.06, at the lows of the day.

- The short sterling futures strip has steepened with greens/blues down 3.5-4.5

ticks.

- The final estimate of Q4 GDP came in slightly higher at 1.4% Y/y vs 1.3%

previously.