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- The rally in UK gilts has subsided...>

GILT SUMMARY
GILT SUMMARY: - The rally in UK gilts has subsided and curve flattening as given
way to some steepening over the past hour.
- The benchmark 2-year gilt trades at a yield of 0.8195% up from a session low
of 0.793% while the 10-year trades at 1.574% and up from a low of 1.539%.
- The 2s10s spread has widened to 74.8bps from 73.8bps.
- UK inflation breakevens have steadily edged higher throughout the day with the
5-year benchmark pushing up to 3.211% from 3.183%.
- The short sterling futures strip is flat to 1.0 ticks higher. 
- The UK Debt Management Office will come to market next week with a tap of the
1.00% Apr-24 Gilt for an estimated Stg3.0bln on Thursday.

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