The Sep-19 gilt future trades at.......>

GILT SUMMARY: The Sep-19 gilt future trades at 130.28, up 30 ticks from

Wednesday's close and 5 ticks off the day's high; L-H: 129.86-130.33.

- Gilts have rallied with yields 2-3bps lower on the day. Cash yields (Last / 1d

chg / L..H): 2Y (0.5459% / -2.1bp / 0.5455%...0.5749%); 5Y (0.6009% / -1.8bp /

0.5998%...0.6311%); 10Y (0.8388% / -2.4bp / 0.8378%...0.8733%); 30Y (1.4238% /

-2.7bp / 1.4226%...1.4571%).

- Short sterling futures have broadly rallied with greens outperforming: W (+

0.5/2.5 ticks); R (+ 3.0/5.0 ticks); G (+ 4.5/5.0 ticks); B (+ 4.5 ticks).

- Looking ahead, tomorrow will see the release of the Halifax House Price Index

for May.

- PM Theresa May will also formally resign tomorrow, which will pave the way for

the leadership vote to get underway. Boris Johnson's odds continue to narrow and

are currently at 1.74 on the Betfair Exchange. The next nearest rival is Michael

Gove on 8.8.