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/EGBs-GILTS: Core FI has ticked........>

BOND SUMMARY
BOND SUMMARY: /EGBs-GILTS: Core FI has ticked higher despite stocks being on the
front foot, with a bit of Monday's German curve bear steepening reversing as
some return from the Whit Monday holiday.
- Periphery spreads tighter; Italy regaining some ground on Bunds after sell-off
late in Monday's session following MNI article on ECB possibly disappointing on
market's PEPP expectations this Thursday.
- We've got up to GBP6.25bln in Gilt auctions up today (Jan-26 and Oct-30), as
well as Austria (EUR1.4bln in RAGBs) and Germany (EUR0.5bln in linkers).
- Little on the data slate besides UK Apr lending figures, and no ECB/BoE
speakers (with ECB GC decision looming Thursday). ** Latest levels:
* Jun Bund futures (RX) up 47 ticks at 172.12 (L: 171.83 / H: 172.13)
* Sep Gilt futures (G) up 28 ticks at 137.12 (L: 136.99 / H: 137.17)
* Jun BTP futures (IK) down 12 ticks at 142.67 (L: 142.17 / H: 142.75)
* Italy / German 10-Yr spread 2bps tighter at 186.9bps
* Jun OAT futures (OA) up 43 ticks at 168.15 (L: 167.76 / H: 168.17)

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