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With parliament now suspended for......>

GILT SUMMARY: With parliament now suspended for five weeks, Prime Minister Boris
Johnson has vowed to double down efforts to secure a Brexit deal ahead of the
official October 31 exit date. However, he also reaffirmed that if necessary the
UK will leave the EU without a deal.
- BoE Governor Mark Carney has stated that he does not see negative interest
rates as a tool in the UK and suggested that there is fiscal space to counter a
- The Dec-19 gilt future trades at 132.81, down 10 ticks from Monday's close and
14 ticks off the day's low; L-H: 132.67-133.19.
- Gilts have sold off with yields 1-2bps higher on the day. Cash yields (Last /
1d chg / L..H): 2Y (0.4423% / +1.9bp / 0.433%...0.4522%); 5Y (0.405% / +1.4bp /
0.3963%...0.415%); 10Y (0.6077% / +2bp / 0.6002%...0.6194%); 30Y (1.1036% /
+0.8bp / 1.0981%...1.1193%).
- Short sterling futures have broadly sold off with reds & greens
underperforming: W (- 0.5/2.0 ticks); R (- 2.0/3.0 ticks); G (+ 2.5 tick); B (-
2.0/2.5 ticks).

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