EGBs/GILTS: A fairly quiet start to....>

BOND SUMMARY: EGBs/GILTS: A fairly quiet start to the week for European bonds.

- Over the weekend, ECB speakers (including Draghi, Villeroy, Rehn, Visco,

Vasiliauskas) downplayed the eurozone economic slowdown as `temporary`.

- Main Brexit headline is from UK Foreign Secretary Hunt telling BBC radio that

talks with Labour are `more constructive than people have thought`.

- Only EGB issuance today is Slovakia; French and Dutch bill sales as well.

- Euribor and Short Sterling futures down 0.5/1 tick in some contracts.

- Dearth of European data Monday; German ZEW out Tuesday.

- Some sharp weakness in RX / G futures a little after 0800UK time though not on

any particular headline, and contrasted with steady FX and weaker equities.

- May have had something to do with large sales in U.S. Treasury futures around

that time but hardly conclusive, and EGBs have recovered anyway. Latest levels:

* Jun Bund futures (RX) down 9 ticks at 164.53 (L: 164.37 / H: 164.76)

* Jun BTP futures (IK) up 2 ticks at 130.62 (L: 130.31 / H: 130.93)

* Jun OAT futures (OA) down 5 ticks at 161.37 (L: 161.23 / H: 161.67)

* Jun Gilt futures (G) down 8 ticks at 126.81 (L: 126.69 / H: 126.99)