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- UK gilts have rallied since..........>

GILT SUMMARY
GILT SUMMARY: - UK gilts have rallied since mid-morning with the 2-year yield
pushing down to 0.711% from a high of 0.736% and the 10-year yield trading down
to 1.389% from 1.425%.
- The 2s10s spread has narrowed to 67.1bps from a high of 68.97bps, while the
2s30s has ticked up to 111.7bps from 110.8bps at mid-morning.
- The Dec gilt future trades at 122.86 up from 122.49.
- There has been limited movement in inflation breakevens with the 5-year
benchmark inching up to 3.073% from 3.054%.
- The short-sterling futures strip has flattened with whites up 0.5-1.0 ticks
and reds-blues up 3.0-5.0 ticks.
- There are no major data releases for the UK today. 

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