The UK gilt market opens strongly, following the lead set by US Treasurys and German Bunds, as markets become more risk-adverse waiting for further developments in Spain and Greece. Looking ahead, CBI distributive trades balance for September is released at 1000 GMT, with Barclays looking for a slight improvement in the reading, to 2 from a prior negative 3. There are no gilt auctions or scheduled official speeches. The December gilt contract is 0.50 higher at 199.91 and the 10-year cash yields 1.77%.
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