/EGBs-GILTS: Bunds and Gilts are.......>

BOND SUMMARY: /EGBs-GILTS: Bunds and Gilts are pushing lower, with supply

continuing to be digested (and more to come today from Spain and France).

- BoE voted 7-2 to keep QE on hold; dissenters wanted GBP100bln more QE.

- France and Spain combine for up to EUR18bln in M-T/L-T bond sales later this

morning, seen contributing to EGB bear steepening.

- Worse-than-expected Mar German/French industrial data earlier. Italian Mar

retail sales data of some interest before shifting to the U.S. data slate.

- ECB's de Guindos speaking currently, reiterates flexibility of PEPP.

- BTP spreads up slightly (0.8bps in 10-Yrs vs Bunds), Spain and Portugal

underperforming, 3-4bps wider. Latest levels: 

- Jun Bund futures (RX) down 22 ticks at 173.08 (L: 173.03 / H: 173.54)

- German cash curve: The 2-Yr yield is up 0.7bps at -0.738%, 5-Yr is up 1.1bps

at -0.707%, 10-Yr is up 1.3bps at -0.494%, and 30-Yr is up 2.1bps at -0.037%.

- Jun Gilt futures (G) down 16 ticks at 137.55 (L: 137.4 / H: 137.65)

- UK cash curve: The 2-Yr yield is up 1.5bps at 0.023%, 5-Yr is up 1.4bps at

0.094%, 10-Yr is up 1.6bps at 0.247%, and 30-Yr is up 2.3bps at 0.584%.