US President Donald Trump's tweet on...>

GILT SUMMARY: US President Donald Trump's tweet on improved prospects of a 'big

deal' with China has spilled over to gilts with yields pushing higher.

- There was little impact from today's ECB monetary policy decision and press

conference.

- The Mar-20 gilt future trades at 131.6, down 24 ticks from Wednesday's close

and 11 ticks off the day's low; L-H: 131.49-132.42.

- Gilts have sold off with yields 1-3bps higher on the day. Cash yields (Last /

1d chg / L..H): 2Y (0.5738% / +0.9bp / 0.5373%...0.5867%); 5Y (0.5971% / +1.8bp

/ 0.5448%...0.6082%); 10Y (0.7958% / +2.3bp / 0.7321%...0.8051%); 30Y (1.3062% /

+3.4bp / 1.2476%...1.3151%).

- The curve has bear steepened: 2s10s (21.2bp / 1.6bp / 18.6bp..21.4bp); 2s30s

(72.2bp / 2.6bp / 69.9bp..72.3bp).

- Short sterling futures trade mixed with whites outperforming: W (+ 0.5/2.0

ticks); R (+ 0.5/1.5 ticks); G (broadly flat); B (- 0.5/1.5 ticks).