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

GILT SUMMARY
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).

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