Gilts Primed For A Kick-Up In Choppy Trade

With call money expected to ease a little, with the ways and means advances (WMA) borrowings of the Centre at nil, and the size of the 91-day treasury bill auction being reduced to half, prices of gilts should be up in the early part of this week.

Trading should be flighty. After February 5, the movement of the market will be dictated by what the US presents to the UN General Assembly by way of intelligence findings on Iraq