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/EGBs-GILTS: Core FI is weaker as......>

BOND SUMMARY
BOND SUMMARY: /EGBs-GILTS: Core FI is weaker as risk appetite rebounds a bit in
the early going Thursday, with plenty of supply ahead this morning.
- The most impressive moves have been in periphery EGB spreads; particularly
Italy, 10-Yr BTP 12bps tighter vs Bund.
- Spain re-opening four Bonos/Oblis for up to EUR6.5bln, with France selling up
to EUR10bln in nominal OATs and EUR1.25bln in linkers.
- UK sells 1.50% Jul-26 for GBP3.0bln and 30-year 1.75% Jan-49 for GBP2.0bln.
- Also, UK expected to extend lockdown by 3 weeks today. BOE releases its
quarterly credit conditions report at 0930BST, while the Bank's  Tenreyro speaks
on "Monetary policy during pandemics" at 1430BST.
- Very thin on data; Eurozone Feb Ind. Production (1000UK) is old news already.
** Latest levels:
* Jun Bund futures (RX) down 47 ticks at 172.21 (L: 172.04 / H: 172.5)
* Jun Gilt futures (G) down 13 ticks at 136.86 (L: 136.69 / H: 136.93)
* Jun BTP futures (IK) up 118 ticks at 138.06 (L: 136.77 / H: 138.09)
* Italy / German 10-Yr spread 11.9bps tighter at 223bps

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