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/EGBs-GILTS: Core FI has shot higher...>

BOND SUMMARY
BOND SUMMARY: /EGBs-GILTS: Core FI has shot higher on the open, with little
obvious trigger. Seemed to dip on Chinese officials announcing an effective
treatment against coronavirus ('chloroquine phosphate'), but reversed quickly.
- Bunds up 36 ticks from the lows at one point, in about 45 minutes of trading.
- Very quiet week on the Data front in the Eurozone. We get ZEW tomorrow, but
not a real market mover. Most of the focus will be on Friday when we get Prelim
EU National PMIs.
- In the UK though we get employment, inflation, retail sales data this week.
- U.S. market holiday likely to keep things subdued.
- In supply: Slovakia, Germany, Spain, and France sell an est. total of just
under EUR19bln. Slovakia today; but main focus is on new Schatz tomorrow
(EUR5bln) and OATs Thursday (linkers + nominals of potentially >EUR10bln).
** Latest levels:
* Mar Bund futures (RX) down 7 ticks at 174.41 (L: 174.08 / H: 174.44)
* Mar Gilt futures (G) down 18 ticks at 133.54 (L: 133.31 / H: 133.54)
* Italy / German 10-Yr spread 1.7bps tighter at 130.5bps

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