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A weak start for Bunds after opening....>

EGB SUMMARY
EGB SUMMARY: A weak start for Bunds after opening strongly in Asia-Pac (largely
follow through from Friday's Trump tariff headlines).
- Comments from Trump on resuming negotiations with China ramped up risk-on
flows, extending Bund losses early Monday; China spokesman shortly thereafter
said was unaware of contact w US over the weekend, stemming weakness.
- Germany Aug IFO below consensus but limited market reaction. 
- Given that, looks like we`re headline watching again. US-China the obvious
focus, though Italy very much in play, with Tuesday deadline for party talks.
- BTP spreads steady. Weekend headlines suggested Pres Mattarella won't extend
Tues deadline; PD and 5-Star not yet decided on PM compromise. 
- No issuance today (just France bill sale this aft).
- Reminder that London's closed for holidays, which is likely to impact volumes.
- Euribor futures fairly steady. Latest Bond futures prices:
* Sep Bund futures (RX) down 5 ticks at 178.49 (L: 178.31 / H: 179.21)
* Sep BTP futures (IK) down 26 ticks at 142.38 (L: 142.09 / H: 142.9)
* Sep OAT futures (OA) up 1 ticks at 169.79 (L: 169.69 / H: 170.22)

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