Bunds and OATs have largely ignored.....>

EGB SUMMARY: Bunds and OATs have largely ignored German state CPI and French GDP

respectively this morning with core and semi-core yields largely unch on the

day. The national German HICP print will be released at 13:00BST.

- As we noted yesterday, Irish-Bund spreads continue to widen as expectations of

a no deal Brexit continue to increase. Ireland is among the underperformers in

EGB space this morning.

- Peripheral spreads in general are a little wider on the day.

- Bund futures are up 0.05 today at 174.51 with 10y Bund yields down -0.6bp at

-0.399% and Schatz yields up 1.2bp at -0.759%.

- BTP futures are down -0.47 today at 138.98 with 10y yields up 4.5bp at 1.615%

and 2y yields up 3.4bp at 0.025%.

- OAT futures are down -0.02 today at 166.68 with 10y yields unch at -0.141% and

2y yields up 1.0bp at -0.692%.