/EGBs-GILTS: Big move to into safety...>

BOND SUMMARY: /EGBs-GILTS: Big move to into safety early as UK political risks

eyed (Italy less so) Tuesday.

- Several record-low yields to report, including Gilts across the curve (10s at

0.346%), Bunds (10-Yr at -0.737%) BTPs (10-Yr hit 0.898%).

- Equities moving lower, GBPUSD at 34-yr Low as votes loom this week on forcing

the government to delay Brexit and a potential snap election.

- Brexit headlines likely to come through all day; vote on extension to avoid No

Deal seen potentially 2130-2200BST this evening.

- In Italy, 5-Star members have a vote on forming gov`t with PD; headlines this

morning suggest draft legislation coming together.

- In supply, Austria sells 5- and 10-Yr RAGB for E1.15bln.

- EZ PPI providing the major point of interest data-wise.

- Further down rate strips, Short stg up 6-8 ticks, Euribor up 4-4.5. Bond futs:

* Sep Bund futures (RX) up 57 ticks at 179.53 (L: 178.81 / H: 179.58)

* Sep BTP futures (IK) up 74 ticks at 146.45 (L: 145.62 / H: 146.5)

* Dec Gilt futures (G) up 88 ticks at 135.74 (L: 135.22 / H: 135.75)