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/EGBs-GILTS: Early two-way trading.....>

BOND SUMMARY
BOND SUMMARY: /EGBs-GILTS: Early two-way trading has resulted in little decisive
direction for core instruments and periphery EGBs alike, with plenty of supply
this morning being eyed. German/Dutch bond sales and the UK 2030 Gilt
syndication highlight the supply docket.
- Bunds and Gilts are off early lows, moving in lockstep with equities (and
again, ahead of supply), with a risk-off tone prevailing overnight. 
- UK-EU future partnership negotiations restarting this morning.
- BoE's Broadbent to appear on CNBC at 0930BST; he later appears for a briefing
for businesses/community orgs at 1330BST w BoE's Haldane.
- Almost no data of note; Dutch Apr inflation surprised to the downside.
** Latest levels:
* Jun Bund futures (RX) down 50 ticks at 173.03 (L: 172.93 / H: 173.36)
* Jun Gilt futures (G) down 20 ticks at 137.16 (L: 137.04 / H: 137.19)
* Jun BTP futures (IK) down 8 ticks at 137.26 (L: 137.16 / H: 137.54)
* Italy / German 10-Yr spread 1.4bps tighter at 237.7bps

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