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

BOND SUMMARY
BOND SUMMARY: /EGBs-GILTS: Bunds and Gilts have bounced in London trading, with
a bit of risk-off beginning to creep through amid choppy equity trading.
- Overnight, Bunds weakened amid positive risk tone set by moderation in
Coronavirus infections in China offset by uptick in S Korea.
- Italy Fin Min said Coronavirus may mean cut to 0.6% GDP target (per Ansa via
BBG). Italian / Bund spreads little changed.
- Event-wise, most attention on UK January inflation figures at 0930ET.
- On supply, this morning Germany reopens 1.25% Aug-48 Bund for EUR1.5bln.
- No Eurozone/UK central bank speakers expected.
** Latest levels:
* Mar Bund futures (RX) down 3 ticks at 174.5 (L: 174.28 / H: 174.56)
* Mar Gilt futures (G) up 5 ticks at 133.82 (L: 133.64 / H: 133.86)
* Italy / German 10-Yr spread 0.5bps tighter at 133.3bps

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