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Core EGBs are a little stronger.........>

EGB SUMMARY
EGB SUMMARY: Core EGBs are a little stronger post-EU elections, with Italian
spreads a little wider, reversing earlier narrowing. 
- Prevailing narrative of election is fragmentation and poor performance of
mainstream parties. Greece seeing the biggest immediate impact, with a snap
general election called after a poor result for Syriza. Greek spreads steady.
- In Italy, League the clear winner, nearly doubling 5-Star`s result (34% to
17%). Though League`s Salvini said `nothing changes at national level`.
- Thin trading thus far due to U.S./U.K. holidays, and a dearth of European
data. We do get German and French t-bill sales later, though.
- Current futures / spread levels:
* Jun Bund futures (RX) up 4 ticks at 167.28 (L: 167.18 / H: 167.37)
* Jun BTP futures (IK) down 16 ticks at 130.93 (L: 130.65 / H: 131.38)
* Jun OAT futures (OA) up 1 ticks at 163.38 (L: 163.3 / H: 163.44)
* Italy / German 10-Yr spread 2.5bps wider at 269.5bps
* Spain / German 10-Yr spread 0.1bps wider at 94.4bps
* Greece / German 10-Yr spread 0.6bps tighter at 347.3bps
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