EGBs are broadly unchanged on a.........>

EGB SUMMARY: EGBs are broadly unchanged on a syndication-heavy Tuesday.

- Mar 19 Bund futures are up 8 ticks at 164.99, with little movement on the cash

curve: 2-Yr yield is up 0.4bps at -0.578% (E5bln of Dec-20 Schatz to be sold

later this morning), 10-Yr is unchanged at 0.205%. 

- Big day for syndicated govvy benchmark sales, including Greek 5-Yr Apr-24

(IPTs 3.75-3.875%), Austria 10-Yr Feb-29 (IPTs MS-17bps area), and Belgium 30-Yr

Jun-50 (IPTs MS+46 area).

- Additionally, KfW selling 5-Yr benchmark. 

- Spain's Budget Minister said the EU would not require further clarification of

the Spanish 2019 budget (which is to be debated starting mid-Feb). 10-Yr Spanish

spreads/Bunds basically unchanged at 101.4bps.

- Mar 19 BTP future is up 11 ticks at 128.82.

- Extremely limited data today; French Jan Consumer Confidence beat expectations

at 91 vs BBG median of 88. 10-Yr OAT spreads steady at around 40bps to Bunds.

- Banque de France/ECB`s Villeroy speaking at a FinTech conference in Paris at

1020GMT.