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EGBs/GILTS: European bond futures......>

BOND SUMMARY
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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