The Shadow Brexit Secretary has........>

GILT SUMMARY: The Shadow Brexit Secretary has reiterated comments made by Labour

MP Emily Thornberry that the party will vote against PM May's Withdrawal

Agreement if a cross-party deal cannot be brokered. 

- Without conceding to a customs union - which would almost certainly trigger

fresh moves from her party to oust her - there is little that May can offer to

get her deal across the line.

- The Jun-19 gilt future trades at 128.79, up 20 ticks from Wednesday's close

and 3 ticks off the day's low; L-H: 128.76-129.03.

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

chg / L...H): 2Y (0.6916% / -1.3bp / 0.6822%...0.6939%); 5Y (0.7989% / -1.5bp /

0.7891%...0.8016%); 10Y (1.0519% / -1.5bp / 1.0378%...1.0547%); 30Y (1.5992% /

-1.2bp / 1.5836%...1.6018%).

- The short sterling futures strip has flattened: W (broadly + 0/1 ticks

higher); R (+ 1/1.5 ticks); G (+ 1.5/2 ticks); B (+ 2/2.5 ticks)