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Free AccessEGBs/GILTS: European bond futures......>
BOND SUMMARY: EGBs/GILTS: European bond futures are trading mixed early Tuesday,
with core EGBs a little stronger and Gilts trading flat-to-down.
- Jun Bund futures (RX) up 4 ticks at 165.40, having accelerated higher from
about 0730CET onward (L: 165.17 / H: 165.45). No real news trigger seen.
- Gilts have reversed after a jump at the open; Jun 19 future is down 5 ticks at
128.07 (high of 128.16). GBP had gained overnight after passage of Cooper-Letwin
Bill forcing the gov't to avoid a no-deal Brexit.
- P.M. May meeting EU counterparts Merkel and Macron today.
- Jun BTP futures (IK) up 2 ticks at 129.59 (L: 129.42 / H: 129.73), while OATs
(OA) are up 12 ticks at 162.16 (L: 161.94 / H: 162.18).
- Euribor and Short Sterling strips pretty flat in the early going.
- Pretty quiet day for European data, with just Italian retail sales and ECB
bank lending survey of note. ECB meeting Wednesday awaited.
- Decent issuance schedule, though. Austria re-opens RAGBs for E1.15bln, the UK
sells Oct-28 Gilt, and and Germany re-opens Apr-30 linkers for E0.75bln, while
Spain, Slovenia and Belgium conduct bill sales.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.