EGBs are trading mixed with core bonds.........>

EGBS: EGBs are trading mixed with core bonds coming under slight selling

pressure while the rest see some mild buying interest as markets digest latest

reports on trade, tweets from President Trump on GDP number and ECB Draghi

comments yesterday. German 10-yr Bund yield is 0.4bp higher at 0.407% with yield

curve slightly steeper.

- The main takeaway from the ECB statement & press conference was that there was

very little new apart from sounding more confident on rise in inflation and

growth and clarification that the English version of the forward guidance is the

correct one.

- Weaker than expected French Q2 GDP and sharp full in the county's consumer

spending is underpinning a small bid in semi-core bonds. French 2-yr OAT yield

is 0.5bp lower.

- Little further data from the Eurozone today so attention will turn to US

advance Q2 GDP at 1230GMT with Trump looking/hoping for a 4 handle.

- Euribor futures are little changed as markets await key data releases from the

Eurozone next week.