Back from a 3-day weekend, EGBs.........>

EGB SUMMARY: Back from a 3-day weekend, EGBs weakened across the board, with

little in the way of newsflow. Bunds sold off through the day, which seemed a

bit baffling given the risk-off atmosphere prevailing globally. 

- Periphery 10-Yr EGB spreads 1-to-2.5bps wider.

- Notable today was a 1.3bps move lower in 3M Euribor fixing, the 6th

consecutive day lower; though Jun20 'bor future ticked lower nonetheless.

- Data didn't really move the needle much today (Final EZ PMI, plus mixed PMIs

for Italy/Spain/Netherlands). Tuesday sees Spain Apr unemployment data.

- Attention turns to the German constitutional court decision Tuesday on ECB

asset purchases (expected around 0900BST). Latest levels:

* Jun Bund futures (RX) down 53 ticks at 173.9 (L: 173.77 / H: 174.69)

* Germany: The 2-Yr yield is up 1.3bps at -0.747%, 5-Yr is up 2.2bps at -0.74%,

10-Yr is up 3.6bps at -0.55%, and 30-Yr is up 5.7bps at -0.12%.

* Jun BTP futures (IK) down 4 ticks at 138.56 (L: 137.4 / H: 138.68)

* Italy / German 10-Yr spread 2.3bps tighter at 232.6bps

* Jun OAT futures (OA) down 82 ticks at 168.01 (L: 167.77 / H: 168.81)