/EGBs-GILTS: All attention on the......>

BOND SUMMARY: /EGBs-GILTS: All attention on the 0900BST (expected) German court

decision on PSPP legality. Consensus is for the decision NOT to rock the boat on

ECB purchases, but obviously some risks for periphery EGBs especially.

- Limited data today. ECB's Mersch and Enria on the speaker docket.

- In issuance, UK sales this week begin with Sep-25 gilt on offer; Austria sells

RAGB and German sells linkers. 

Checking levels as we go into the court decision:

* Jun Bund futures (RX) down 21 ticks at 173.83 (L: 173.67 / H: 174.15)

* German 2-Yr yield is down 0.3bps at -0.755%, 5-Yr is up 0.9bps at -0.744%,

10-Yr is up 1.8bps at -0.545%, and 30-Yr is up 2.4bps at -0.109%.

* Jun Gilt futures (G) down 11 ticks at 137.63 (L: 137.5 / H: 137.65)

* UK 2-Yr yield is up 0.7bps at 0.038%, 5-Yr is up 0.8bps at 0.098%, 10-Yr is up

1bps at 0.241%, and 30-Yr is up 0.9bps at 0.579%.

* Jun BTP futures (IK) down 30 ticks at 138.49 (L: 138.46 / H: 138.97)

* Italy / German 10-Yr spread 0.9bps tighter at 232.1bps

* Jun OAT futures (OA) down 16 ticks at 167.98 (L: 167.83 / H: 168.2)