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BTPs have opened on the front foot with........>

EGBS
EGBS: BTPs have opened on the front foot with 10-yr yield falling to a low of
2.313% at one point but have since given up some of those gains to currently
trade at 2.364% as markets digest latest domestic political developments. 
- Matterella appointed Conte Prime Minister last night as widely expected but
reminded him of keeping financial stability, budget rules and market confidence.
Attention now turns to the formation of the government and the appointment of
key posts including finance minister.
- German Bunds have opened on the soft side ignoring overnight geo-political
risks (trade disputes and inflammatory words from N.Korea), with 10-yr Bund
yield is 0.8bp higher at 0.515%.
- German GfK consumer confidence ticked lower to 10.7 however final Q1 GDP came
in unrevised at 0.3% q/q. While French manufacturing confidence ticked higher to
109. Little further data from the EU so attention likely to remain on any
announcement from Italy and UK retail sales.
- Euribors are steady to 1.5bp lower, curve steeper as blue contracts
underperform white contracts.

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