There is nothing remarkable in early...>

GILT SUMMARY: There is nothing remarkable in early Gilt trading. The 10Y yield

is 1bp higher at 1.375%, mainly courtesy of a very poor 7Y UST auction last

night at which there was a massive 2bp tail. 

- According to the Telegraph newspaper Labour will "probably" vote in favour of

the final Brexit deal, according to a senior shadow cabinet minister.

- UK GfK consumer confidence data rose to -7 in March from -10.

- Nationwide house prices fell 0.2% in March, taking the annual rate down from

2.2% to 2.1%Y/Y and is being dragged lower by London.

- Today, the main event in the afternoon will be the month-end flow. The

Bloomberg-Barclays Sterling Agg Tsy rises by a very impressive 0.3Y, ten times

the 0.03Y average month-end duration extension for the past year. UK Gilt Linker

Index extension is 0.03 years.