A fairly quiet session from a...........>

EGB SUMMARY: A fairly quiet session from a headline perspective, but Bunds found

their feet and periphery spreads narrowed as the equity bounce stalled.

- Italian BTPs have outperformed the rest of the periphery.

- Focus is already shifting to next week, when we get EU-UK negotiations June 15

and European Council meeting on June 19.

- Also ECB reported earlier that banks are making early repayment of EUR214bln

of TLTRO funds ahead of the June 18 TLTRO III tender. Largely expected.

** Latest levels:

* Sep Bund futures (RX) up 20 ticks at 175.44 (L: 174.9 / H: 175.45)

* Germany: The 2-Yr yield is down 1.6bps at -0.665%, 5-Yr is down 2.1bps at

-0.653%, 10-Yr is down 2.3bps at -0.437%, and 30-Yr is down 2bps at 0.043%.

* Sep BTP futures (IK) up 58 ticks at 141.7 (L: 140.6 / H: 141.75)

* Italy / German 10-Yr spread 4.4bps tighter at 186.9bps

* Sep OAT futures (OA) up 37 ticks at 166.36 (L: 165.65 / H: 166.39)