The UK Gilt market was softer this.....>

GILT SUMMARY: The UK Gilt market was softer this morning along with EGBs and

Treasuries on the news of the US senate vote regarding the budget resolution.

Weakness extended nearly all through the day. 

- Gilts pared some of the losses as they headed into the close. 

- Brexit headlines filtered in throughout the day with President of the European

Council Donald Tusk tweeting that the EU27 were to begin internal preparations

for the second phase of talks. Then President of the European Commission

followed up with a statement saying that he hates the idea of a "no deal

scenario". These comments gave some positive light to talks that have viewed by

many as heading towards disaster. Gilts weakened on the news. However, British

PM Theresa May did concede that sufficient progress had not been made as she

would have liked.

- 2Y Gilt yield is +1.1bp at 0.434%, 10Y +4bp at 1.318 and 30Y +4.3bp at 1.901%

according to Tradeweb.