EGB/Gilt: It has been a fairly quiet...>

BOND SUMMARY: EGB/Gilt: It has been a fairly quiet start to the week for

EGBs/gilts with peripheral yields slightly higher on the day but BTPS the only

notable movers.

- In Europe the data highlights this week will be the final CPI prints, the

second estimate of Eurozone Q1 GDP, Eurozone March IP and the German ZEW survey.

Germany, France and Italy are all due to come to the market this week.

- In the UK the highlight will be tomorrow's labour market report. A new 1.625%

2054 conventional gilt is also due to be launched by syndication this week.

- Politics is likely to continue to be one of the main drivers of European

markets this week with the European elections due to be held towards the end of

next week.

- Bund futures are up 0.13 today at 166.38 with 10y Bund yields down -1.4bp at

-0.59% and Schatz yields down -0.5bp at -0.627%. BTP futures are down -0.29 at

129.20 with 10y yields up 2.8bp at 2.709% and 2y yields up 3.9bp at 0.628%.

- Gilt futures are up 0.13 today at 128.08 with 10y yields down -2.0bp at 1.114%

and 2y yields down -1.8bp at 0.716%.