A fairly quiet session early Monday.....>

EGB SUMMARY: A fairly quiet session early Monday has seen core EGBs and Italian

BTPs alike weaken slightly, with EMU inflation data out later this morning.

- Mar 19 Bund futures down 8 ticks at 163.12, having traded in a range of

163.04-163.28 today. The 2-Yr yield is unchanged at -0.61%, 5-Yr is up 0.4bps at

-0.299%, 10-Yr is up 0.7bps at 0.259%, and 30-Yr is up 0.9bps at 0.897%.

- Italian PM Conte and deputy PMs Di Maio and Salvini agreed on a budget

proposal for the EU, highlighted by a 2.04% of GDP deficit for 2019, as had been

reported previously would be the case.

- Regardless of this conciliatory move towards Brussels' position, the Mar 19

BTP future is down 17 ticks at 125.32, having traded as high as 125.77 earlier.

- Periphery spreads are trading mixed; 10-yr BTP spreads out 1bps vs Bunds, with

Spain, Portugal and Greece largely unchanged.

- 10-yr French OATs are a little wider to Bunds, about 0.5bps wider at 46.4bps.

- This morning sees Nov flash inflation data and Oct trade data for the

eurozone, both due out at 1000GMT.

- Quiet on the ECB speaker front today; no EGB/bill issuance this week either.