Fixed Income: fresh, fleeting lease of life for Gilts, but not much else

More choppy price action in bonds vs broadly one-way Dollar selling in FX, as core debt futures succumb to renewed downside pressure and BTPs continue to outperform (not far from 123.00 at best). Bunds just hit a new Eurex low at 159.56 (-14 ticks vs +19 ticks at best), while Gilts are retesting their intraday base having briefly extended to the topside and reaching 121.65 earlier (+17 ticks) and fading fast amidst strength in EU stocks and more Brexit headlines touting progress in talks between the UK and EU, but little else concrete. Turning to US Treasuries, futures remain firm and the curve flatter on the more taxing and less fiscally expansive outlook for policy post-midterms rather than the prospect of 30 year supply and a still relatively hawkish FOMC.

(RANsquawk)