The House of Commons has voted to......>

GILT SUMMARY: The House of Commons has voted to 'take control' of the Brexit

agenda, which will now lead to a series of indicative votes on possible ways

forward.

- However, this does not significantly reduced near-term uncertainty or take

no-deal off the table. There are still no signs of parliament coalescing around

an alternative to May's deal. Even if parliament does reach a consensus, PM

Theresa May has hinted that she may ignore the outcome, while the EU may not be

amenable to the solution proposed by MPs.

- Gilts have started the session a touch weaker. Current yield levels: 2-year

0.645%, 5-year 0.7696%, 10-year 1.001%, 30-year 1.492%.

- The Jun-19 gilt future trades at 129.31, 30 ticks below yesterday's close.

- Short sterling futures are 0.5-1.5 ticks lower.