Core EGBs are trading a little..........>

EGB SUMMARY: Core EGBs are trading a little stronger as equities have opened a

little weaker in Europe.

- US-China trade headlines ahead of the G20 meeting this week have put Bunds on

the front foot, with the Dec 18 future up 44 ticks at 161.18, having traded in a

range of 160.86-161.19 today.

- The German 2-Yr yield is down 1.2bps at -0.582%, 5-Yr is down 2.7bps at

-0.249%, 10-Yr is down 2.9bps at 0.332%, and 30-Yr is down 2.5bps at 0.994%.

- BTPs are flat on the day at 123.79. Messaggero reported that the 2019 budget

deficit "almost certainly" will be reduced to 2.2% of GDP from 2.4%. 

- The 2-Yr BTP yield is up 1.1bps at 0.843%,  10-Yr is up 0.2bps at 3.271%.

- Italy sells CTZs and BTPEi this morning.

- Euribor futures up across the strip, Blues up 2.5 ticks.

- French OATs a little stronger, 2-Yr yield down 1.6bps at -0.452% and 10-Yr

down 2.3bps at 0.716%. 

- Italy ISAT November business and consumer confidence indicator out at 0900GMT.

- Nov 27 ECB Mersch speaks in Frankfurt at 1600GMT.