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- The short end of the gilt curve......>

GILT SUMMARY
GILT SUMMARY: - The short end of the gilt curve has traded sideways this morning
while yields at the longer end have drifted lower.
- The 2-year benchmark trades at 0.786% and has held within a 0.778-0.789%
range. The 10-year yield has edged down to 1.488% from a session high of 1.500%.
- The curve has flattened since the morning with the 2s10s spread narrowing to
69.6bps from 71.0bps and the 2s30s edging down to 105.0bps from 105.9bps.
- The short sterling futures strip is flat to 1.0 ticks higher.
- Short sterling option flow has been relatively light this morning.
- The data calendar is empty for today with all eyes on the Bank of England
meeting tomorrow.

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