The news and data flow has been........>

GILT SUMMARY: The news and data flow has been relatively thin on the ground

today. Shadow Chancellor John McDonnell has stated that labour opposes

'indicative votes' for MPs on possible Brexit options. The proposed vote is seen

by some MPs as a means to break the parliamentary deadlock. However, McDonnell

has argued that this would be unlikely to resolve the impasse and would instead

reduce the time available to pursue alternatives to PM Theresa May's beleaguered

withdrawal deal. 

- Having rallied early on in the day, gilts have subsequently sold off and given

back the morning's gains. The 2-year yield trades at 0.754% off a morning low of

0.704%, while the 10-year yield has pushed up to 1.302% from 1.243%.

- The curve has steepened on the back of the long-end underperforming, with the

2s30s spread trading up to 104.97bps from a low of 103.13bps.

- The short sterling futures strip is trading mixed, with greens/blues down

1.0-1.5 ticks.

- Next up on the data calendar will be the UK Housing Finance Loans for

November, which will be published tomorrow.