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EGBs/GILTS: Core/semi-core EGBs and....>

BOND SUMMARY
BOND SUMMARY: EGBs/GILTS: Core/semi-core EGBs and Gilts are broadly stronger
with EGB periphery spreads mixed Wednesday, with issuance the key theme.
- Italian spreads have continued to widen, 10-Yr BTPs out 2.2bps vs Bunds. CTZ
and BTPei auctions this morning sold at top of target range with decent cover.
- Cyprus dual 5-/30-Yr books are closed, total E1.25bln size. Pricing awaited.
- UK DMO raised 2019/20 issuance plans by Stg3.7bln; Spain`s Tesoro signalled it
may lower its net 2019 issuance goal to E30bln, well down from E35bln.
- Spain 10-Yr spreads unchanged to Bunds, Portugal and Greece 0.5-0.7bps wider.
- Bunds pushing higher all morning on weak April IFO numbers.
- 10-Yr Feb-29 Bund sale saw decent cover (real of 1.6x vs 1.2x prior), with
yield slightly positive (0.02%). 
- Latest futures prices:
* Jun Bund futures (RX) up 42 ticks at 165.36 (L: 164.96 / H: 165.41)
* Jun BTP futures (IK) up 20 ticks at 129.36 (L: 129.14 / H: 129.49)
* Jun OAT futures (OA) up 38 ticks at 161.94 (L: 161.61 / H: 161.97)
* Jun Gilt futures (G) up 38 ticks at 127.22 (L: 126.98 / H: 127.23)

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