BTPs have given up early gains..........>

EGB SUMMARY: BTPs have given up early gains Thursday but remain slightly

stronger while core EGBs are up, as a Brexit deal and heavy ECB-speak are eyed.

- BTPs are fading after a rebound Wednesday/early Thursday. Dec 18 future is up

10 ticks at 121.29, down from 121.78 earlier following a report from La Stampa

that PM Conte told deputy PMs Di Maio and Salvini to cooperate with the EU. 

- Spreads fairly steady vs Bunds, 10-Yr BTP 1.2bps wider at 310.4bps; Spain,

Portugal, Greece out about 2bps.

- The Dec 18 Bund future is up 24 ticks at 160.38 with the German cash curve

trading mixed: 2-Yr yield down 1.1bps at -0.581%, 5-Yr down 1.6bps at -0.212%,

10-Yr down 1.2bps at 0.386%, and 30-Yr down 0.4bps at 1.049%.

- French OATs underperforming slightly, 10-Yr yield down 0.9bps at 0.773%.

- Euribor futures a little stronger, up 1.5-2 ticks further down the strip.

- There will be a European Council summit on Sun Nov 24 to sign off on the

Brexit withdrawal agreement with the UK.

- Plenty of ECB speakers today including Coeure, Praet, and de Guindos.