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EGBs are broadly lower in a fairly......>

EGB SUMMARY
EGB SUMMARY: EGBs are broadly lower in a fairly subdued Monday session.
- Bunds have failed to find much direction Wednesday, trading in a 43-tick range
but ultimately winding up only slightly lower.
- Periphery/semi-core EGBs faring a little worse, with BTP and OAT futures off
20-30 ticks. BTP spreads/10-Yr Bunds up 1.1bps at 249.6bps; Spain 2.4bps wider
and Portugal 1.5bps wider. Greece gaining however: spread down 1.3bps. 
- Latest future levels:
* Jun Bund futures (RX) down 7 ticks at 164.55 (L: 164.33 / H: 164.76)
* Jun BTP futures (IK) down 21 ticks at 130.39 (L: 130.31 / H: 130.93)
* Jun OAT futures (OA) down 29 ticks at 161.13 (L: 160.96 / H: 161.67)
* Jun Gilt futures (G) down 18 ticks at 126.71 (L: 126.61 / H: 126.99)
- Little movement in the Euribor strip. Greens are biggest movers, off a tick.
- Main headlines today have centred around Brussels beginning trade talks with
the U.S., but not really a market mover.
- ECB's Villeroy speaks in New York at 1730UK/1830CET.
- Tuesday set to be thin for data (again), with German ZEW survey the highlight.

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