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Core EGBs have come off afternoon.......>

EGB SUMMARY: Core EGBs have come off afternoon highs while Italian spreads have
given up earlier tightening Thursday (albeit amid quiet Europe holiday trade).
- 10-Yr BTPs had tightened over 5bps to Bunds by midday, but this reversed amid
headlines that League`s Salvini was prepared to end the government coalition if
5-Star did not back his tax plan proposal. Last 0.5bps tighter  at 281.5bps.
- Meanwhile, 10-Yr Greek spreads to Italy have compressed to fresh decade lows,
tightening 8.4bps to 41bps.
- The Jun 19 Bund future is down 10 ticks at 167.92, having traded as high as
168.14 earlier before equities started coming back.
- Euribor strip is flat out to Blues and Golds (off 0.5-1.0 ticks).
- Portugal successfully issued 3-Yr Panda bond, the first such EZ soverign
issuer (see Bullet at 14:56BST) and concluding EGB issuance for the week.
- Latest futures prices:
* Jun Bund futures (RX) down 9 ticks at 167.93 (L: 167.72 / H: 168.14)
* Jun BTP futures (IK) down 13 ticks at 130.11 (L: 129.97 / H: 130.67)
* Jun OAT futures (OA) down 16 ticks at 163.93 (L: 163.8 / H: 164.13)

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