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

BOND SUMMARY
BOND SUMMARY: /EGBs-GILTS: Bunds and Gilts are a little higher in the early
going, as we await news on the European Commission's COVID recovery plan
proposal (von der Leyen is due to address the European Parliament today).
- This despite broader risk-on, with equities up (though Italy spreads flat).
- In issuance, 2x Gilt sales and France 20-Yr OAT syndication (books open).
- ECB's Lagarde speaking currently in an online Youth Dialogue (video feed is on
ECB's front page). Started 0830BST, nothing new thus far on monpol.
- ECB's de Guindos and Enria up later. ** Latest levels:
* Jun Bund futures (RX) up 13 ticks at 172.29 (L: 172.07 / H: 172.48)
* Germany: The 2-Yr yield is down 1.3bps at -0.654ac%, 5-Yr is down 1.3bps at
-0.633%, 10-Yr is down 1bps at -0.439%, and 30-Yr is down 0.6bps at 0.008%.
* Jun Gilt futures (G) up 22 ticks at 138.22 (L: 138.12 / H: 138.31)
* UK: The 2-Yr yield is down 1.6bps at -0.033%, 5-Yr is down 1.7bps at 0.002%,
10-Yr is down 2.1bps at 0.194%, and 30-Yr is down 1.8bps at 0.623%.
* Jun BTP futures (IK) up 2 ticks at 141.47 (L: 141.27 / H: 141.71)
* Italy / German 10-Yr spread 0.3bps wider at 198.2bps

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