The Supreme Court hearing into the.....>

GILT SUMMARY: The Supreme Court hearing into the government's prorogation of

parliament continues. A verdict may not arrive until next week.

- The August retail sales print came in a touch below expectations (ex Auto 2.2%

vs 2.3% survey), although the previous month's print was revised higher (3.1% vs

2.9 previous).

- All eyes are on the BoE, although no material change in policy is expected.

- The Dec-19 gilt future trades at 132.37, down 8 ticks from Wednesday's close

and 15 ticks off the day's high; L-H: 132.05-132.52.

- Gilts have broadly sold off with yields 0-1bps higher on the day. Cash yields

(Last / 1d chg / L..H): 2Y (0.5074% / +0.8bp / 0.5074%...0.5297%); 5Y (0.4576% /

+0.4bp / 0.4576%...0.4792%); 10Y (0.6437% / +0.4bp / 0.6437%...0.6652%); 30Y

(1.0529% / -0.8bp / 1.0529%...1.0749%).

- Short sterling futures have broadly sold off with reds & greens

underperforming: W (- 0.5/1.0 ticks); R (+ 1.0 tick); G (- 0.5/1.5 ticks); B (-

0.5/1.0 ticks).