Core EGBs have edged higher at start of........>

EGBS: Core EGBs have edged higher at start of Monday trade but are not overly

reacting to the uncertainty in German politics or the possibility of an

escalation in global trade dispute. German 10-yr Bund yield is 0.6bp lower at

0.295% curve touch steeper as 30-yr remains anchored.

- Germany's Interior Minister Seehofer offered to resign over the migration

issue as he said the EU agreement did not go far enough. However, has delayed

handing in the letter for one more day of talks. 

- EMU periphery bonds have opened on the back foot, despite DBRS upgrading

Greece to B, as Italy's Salivini said next year's European elections are an

opportunity to create an "international alliance of populists" and overcome a

"Europe of the elites". 10-yr Bund/BTP spread is 5bp wider at 242.7bps

- Manufacturing PMIs and unemployment rate from the Eurozone are the main data

highlights today.