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EGBs are set for higher weekly closes...>

EGB SUMMARY
EGB SUMMARY: EGBs are set for higher weekly closes across the board, boosted by
US Fed dovishness as well as signs of weakening Eurozone growth and inflation.
- The Dec 18 Bund future is up 9 ticks at 161.50, having traded in a range of
161.27-161.58 today. The 2-Yr yield is down 0.1bps at -0.598%, 5-Yr is down
0.6bps at -0.269%, and 10-Yr is down 1.1bps at 0.31%.
- Seeing the largest rallies much further down EGB curves - 30-Yr Germany yield
down 1.5bps, Spain 2.6bps, France 2.7bps.
- BTPs have had a fairly quiet day, Dec18 future down 6 ticks at 124.62, having
traded in a range of 124.26-124.89. That`s 226 ticks higher than last week`s
close, however, on optimism that Rome may change its tune on deficit targets.
- Euribor futures picking up 1.5 ticks from Jun20-Sep22. See our Euribor Weekly
Update at 1524GMT for more on movement in the strip this week.
- All focus on G20 as weekend begins, including US-China trade news, and
potential sideline conversations between Italian and EU officials. Next week
sees a slew of data including PMIs and final Q3 EMU GDP.
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