The newsflow has been dominated by.....>

GILT SUMMARY: The newsflow has been dominated by Brexit Secretary Dominic Raab's

comments indicating that a withdrawal agreement could emerge by November 21 - a

claim which has been subsequently disavowed. An article in The Times suggesting

that the UK would get a post-Brexit financial services deal has been denied by

an EU official.

- Gilts have rallied since 0900BST and the curve is a touch steeper. The 2-year

benchmark trades at 0.764% down from 0.781%, while the 10-year yield has pushed

down to 1.464% from 1.4799%. The 2s10s spread has widened to 69.2bps from a

morning low of 66.6bps and 2s30s has traded up to 111.1bps from 109.3bps.

- The Dec Gilt future trades at 122.14 down from 122.30.

- Inflation breakevens have inched marginally lower. Both 5- and 10-year

benchmarks are holding above 3%.

- The short sterling futures strip is broadly 2.0-3.0 ticks lower.

- The manufacturing PMI for October came in at 51.1 vs 53.0 with little market

reaction. The Nationwide house price data for October came in slightly weaker

than expected.