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EGBs/GILTS: Core EGBs and Gilts are....>

BOND SUMMARY
BOND SUMMARY: EGBs/GILTS: Core EGBs and Gilts are fairly flat in early trade,
with UK data, the ECB decision, and the EU summit up later.
- Jun Gilt futures up 1 tick at 128.12, with main focus on delay to Brexit: UK
looking for short delay, EU's Tusk (among others) looking for a long one.
- UK Feb GDP out shortly: Bbg Consensus and MNI Median: 0.0% m/m, 0.2% 3m/3m.
- Jun Bunds (RX) up 5 ticks at 165.53 (L: 165.48 / H: 165.63). Semi-core up
slightly as well, OAT futures (OA) up 8 ticks at 162.31 (L: 162.22 / H: 162.4).
- BTP future is up 29 ticks at 130.45, but fell from high of 130.65 after posted
significant beat in Feb Ind Prod data out this morning.
- Short-Sterling and Euribor futures are little changed. Biggest movers are Blue
ERs up 1.0-1.5 ticks, Gold Ls up a tick.
- ECB takes centre-stage later. Last call for our ECB preview:
https://emedia.marketnews.com/ECB_Preview_April_2019.pdf
- Decent EGB supply this morning, up to E5bln total on offer, with Germany
selling Bobl, Portugal selling PGBs, and Finland selling RFGBs.
- Also a UK 0.125% Nov-36 Linker mini tender this morning.

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