The main event of the week ahead will be......>

GILTS: The main event of the week ahead will be the Bank of England MPC meeting

with the latest monetary policy decision due to be published at midday BST on

Thursday. We will release our full BoE Preview later this week but note that we

wrote on 23 April that we think the probability of an extra GBP100bln of QE to

be announced at this week's meeting had increased following the DMO's

announcement that it aimed to sell GBP180bln of gilts between May to July. See

MNI MARKET ANALYSIS: More Gilt Issuance, Now More QE? for more on this.

- Elsewhere it will be fairly quiet on the data front with the highlight the

final print of the Markit Services PMI on Tuesday. We note also that due to the

holiday shortened week, the BoE will announce its week ahead QE purchases on

Thursday at 16:00BST rather than on the Friday.

- This week will see two shorts (2.00% Sep-25 and 0.125% Jan-23), a medium

(1.625% Oct-28) and a long (1.625% Oct-54) all due to be sold. We will also

receive further details of next week's syndicated launch of the Oct-30 gilt,

including the coupon which is likely to be 0.25% based on current market

conditions. Bookrunners were announced by the DMO on Friday.