EGBs are trading quietly in the early...>

EGB SUMMARY: EGBs are trading quietly in the early going, with no key data out

and the U.S. on holiday.

- Mar 19 Bund futures down 4 ticks at 166.43, trading all day in a 13-tick

range. The 2-Yr yield is down 0.3bps at -0.559%, 5-Yr up 0.2bps at -0.349%,

10-Yr up 0.5bps at 0.106%, and 30-Yr up 0.6bps at 0.725%.

- Likewise BTP futures fairly subdued by recent standards, Mar19 up 10 ticks at

127.68 with 2-Yr yield up 0.9bps at 0.437 and 10-Yr down 0.5bps at 2.794%.

- Portuguese bonds shrugging off lack of Moody's rating action on Friday; 10-Yr

PGB yield 0.4bps lower to fresh 4-yr low. 

- Slovakia comes to market selling Jun-28 and Oct-27 bonds this morning.

- Attention paid to any news on U.S. auto tariffs on E.U. exports as Pres Trump

has received unknown recommendations from the Commerce Dept.

- ECB`s Villeroy cited 'significant' slowdown in EMU economy in a

dovish-sounding interview with El Pais on the weekend.

- No key European data out today. Focus turns to German ZEW survey due Tues.