EGB/GILTL: Voting is underway for......>

BOND SUMMARY: EGB/GILTL: Voting is underway for the UK general election. Recent

polls have shown the Tories' lead narrowing heading into the vote, which has

undermined the party's prospects of securing a parliamentary majority. Reports

suggest that turnout could be particularly high, with a high degree of tactical

voting further complicating outcome predictions. 

- Gilt yields have drifted lower during the session and are now ~2bp lower on

the day. 

- Little is expected from the ECB this afternoon beyond a potential

clarification of the upcoming strategic review. Markets will be focused on the

style and content of ECB President Christine Lagarde's first press conference.

- EGBs have firmed heading into the meeting.

- Current German bund yields: 2-year -0.653%, 5-year -0.667%, 10-year -0.331%,

30-year 0.196%.

- Italian BTPs have been slightly bid with yields 2-3bp lower on the day. The

curve trades close to flat.