Core fixed income is on the front......>

BOND SUMMARY: Core fixed income is on the front foot this morning with some

disappointing Eurozone PMI services data from Spain, German and France seeing

the preliminary pan-Eurozone print revised lower, while the Italian print

surprised to the upside. The UK PMI services also disappointed, falling below

the 50 breakeven level. This is the first time since July 2016 that all three UK

PMIs (services, manufacturing and construction).

- This morning Boris Johnson is expected to brief his cabinet on the Brexit plan

submitted to Brussels and he is due to make a statement to parliament outlining

the plans at 11:30.

- Looking ahead we have the ISM non-manufacturing index, factory orders and a

final print of durable goods orders in the US. We will also hear from the Fed's

Quarles, Mester, Kaplan and Clarida and the BoE's Tenreyro.

- TY1 futures are up 0-3+ today at 131-08 with Bund futures up 0.52 at 174.31

and Gilt futures up 0.38 at 134.59.