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

BOND SUMMARY: /EGBs-GILTS: Core EGBs and Gilts are higher on a global risk-off

move, mirroring equities heading lower.

- Fairly quiet session for global Core FI through Asia-Pac session but concerns

over Hong Kong, Argentina, Brexit, US-China trade etc still reverberating.

- Eurostoxx off 0.3%, FTST down 0.1% early.

- Italy pointed to as a major source of risk (Senate due to set a date for a

confidence vote at 1800CET) but spreads actually slightly tighter early Tues,

10-Yr BTP in 1.1bps at 228.5bps vs Bunds.

- Sep Bund futures briefly through contract highs set last week; last up 24

ticks at 177.68 (L: 177.5 / H: 177.76)

- Short Sterling strip up 1-3 ticks in Reds through Golds; Gilt curve bull

flattening; headlines of Brexit Parliamentary showdown on Sep 9.

- Sep Gilt futures (G) up 24 ticks at 134.57 (L: 134.55 / H: 134.68).

- DMO taps 1.75% Jan-2049 Gilt for Stg2.0bln later.

- UK Jun employment data the highlight at 0930BST; German Aug ZEW at 1000BST.

- Once again, no central bank speakers scheduled.