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Upping the ante on UK MPs to back PM...>

GILT SUMMARY
GILT SUMMARY: Upping the ante on UK MPs to back PM May's Withdrawal Agreement,
Nissan indicated over the weekend that it has scrapped plans to build a new
vehicle line at its Sunderland plant. This follows recent comments from Airbus
which has indicated that the future of its UK production facilities is in doubt.
- According to government spokesman James Slack, the UK attorney general
Geoffrey Cox is working on a backstop exit mechanism.
- Following an initial sell-off at the open gilts quickly made up lost ground,
but the rally fizzled out by 0945GMT. Yields are near the lows of the day and in
line with Friday's close. Current yield levels: 2-year 0.754%, 10-year 1.241%,
30-year 1.746%. The Mar-19 gilt future trades at 123.38 near best levels.
- Inflation breakevens have made a marginal push higher with the 5-year trading
at 3.124% from a low of 3.107%.
- Short sterling futures are flat/1.0 ticks lower in whites/reds and flat/1.5
ticks higher in greens/blues.
- Cable is still holding firm above 1.30, with limited reaction to the weak
construction PMI.

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