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EGBs are edging higher early............>

EGB SUMMARY
EGB SUMMARY: EGBs are edging higher early Thursday, in the wake of dovish U.S.
Fed rhetoric, and amid weak French data this morning.
- The Mar 19 Bund future is up 10 ticks at 164.06, having traded in a range of
163.93-164.25 today. The 2-Yr yield is up 0.1bps at -0.583%, 5-Yr is down 0.6bps
at -0.336%, 10-Yr is down 1.3bps at 0.266%, and 30-Yr is down 1.3bps at 0.852%.
- OAT futures rose 12 ticks following weaker-than-expected French industrial
production data for Nov (-1.0% M/M vs expectation of flat). 10-Yr spreads vs
Germany about 0.7bps lower.
- Significant supply this week continues this morning, with France selling
E8.0bln-E9.0bln of re-opened 0.75% Nov-28, 1.25% May-34, and 2.00% May-48 OATs.
- BTP Mar19 futures up 2 ticks at 126.31, with cash curve up around 1-1.5bps in
parallel. Salvini reiterated Lega did not want fresh elections despite leading
M5S in the polls. 
- Italy Nov retail sales data out at 0900GMT.
- Dec ECB Meeting Minutes out at 1230GMT, while ECB's Villeroy speaks at 1730.

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