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EGBs/GILTS: EGBs and Gilts are.........>

BOND SUMMARY
BOND SUMMARY: EGBs/GILTS: EGBs and Gilts are trading weaker early Tuesday as
markets return from a long holiday weekend.
- ECB`s Coeure said in an interview Tuesday with Frankfurter Allgemeine Zeitung
that he does not `see the monetary policy argument for tiering`, but that
negative interest rate policy`s usefulness should be revisited `regularly`.
- Pressure building on UK PM May with headlines over the weekend suggesting
Conservative Brexiteers increasingly keen to oust her ahead of EU parliamentary
elections; regardless, Gilt yields higher, 10-Yr weakest (up 2.4bps at 1.221%).
- Greece outperforming periphery EGBs following Monday`s request to repay IMF
loans early; 10-Yr 2.8bps tighter to Bunds. Italy is 1.2bps wider. 
- Thin on data today; mainly Eurozone consumer confidence out at 1500BST.
- Latest futures prices:
* Jun Bund futures (RX) down 38 ticks at 164.84 (L: 164.82 / H: 165.13)
* Jun BTP futures (IK) down 45 ticks at 129.7 (L: 129.54 / H: 130.11)
* Jun OAT futures (OA) down 42 ticks at 161.6 (L: 161.58 / H: 161.91)
* Jun Gilt futures (G) down 23 ticks at 126.91 (L: 126.87 / H: 127.05)

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