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There has been a flurry of.............>

GILT SUMMARY
GILT SUMMARY: There has been a flurry of Brexit-related headlines hitting the
wires this afternoon, none of which provide any substantive insight on how the
current impasse will be breached. 
- PM May has set out what she requires (to gain support in parliament) in terms
of legally binding changes to the Withdrawal Agreement, while European
Commission President Jean-Claude Juncker has reiterated that the EU will not
reopen the existing deal. Dashing already thin hopes of a near-term resolution,
European Council President Donald Tusk has stated that no breakthrough is in
sight.
- There has been little discernible reaction in gilts, which had been buoyed
earlier in the day by the EC's downbeat assessment of global economic growth and
the BoEs forecast downgrade to UK 2019 growth.
- Yields are ~2-4.5bp lower on the day. Current yield levels: 2-year 0.705%,
10-year 1.174%, 30-year 1.696%. The Mar-19 gilt future trades at 124.04 near the
middle of the day's range.
- Short sterling futures are 2.5-4.0 ticks higher.

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