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

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.