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A fairly range bound session for........>

EGB SUMMARY
EGB SUMMARY: A fairly range bound session for EGB's.
-Most of the focus today on the UK, with the supreme court deeming that
prorogation was unlawful.
-EGB's saw the IFO release, which was mixed between Business Climate,
Expectations and current assessment. Govies stayed unmoved.
-Bund direction took its cue from Gilts, and was as such better offered on the
day, with Gilts lower and a stronger Pound.
-Schatz supply was better than last time. DFA allotted E3.20bln 0.00% Sep-21
Schatz: Avg yld -0.73% (-0.89%), Buba cover 1.53x (1.19x), real cover 1.23x
(0.94x).
-Peripherals are flat against the German 10yr this morning, with very little to
report.
-Nothing of note on the calendar this afternoon in Europe, just speakers.
ECB Guindos Speaks in Frankfurt and Bank of Spain P Hernandez de Cos NY
- Bund futures are down -0.20 today at 174.34 with BTP futures down -0.04 at
145.59 and OAT futures down -0.18 at 170.37.

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