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/EGBs-GILTS: European bonds are........>

BOND SUMMARY
BOND SUMMARY: /EGBs-GILTS: European bonds are stronger to kick off the week with
a bit of a risk-off tone, though equities have recovered from worst levels.
- German curve bull flattening; Gilts bull steepening.
- Over the weekend, rising perceived risk of No-Deal Brexit under new UK PM
Johnson has helped keep Sterling offered and Gilts bid.
- Periphery EGB spreads to Bunds fairly flat.
- Apart from BoE decision, plenty of European data this week to focus on, incl
GDP and Inflation data, and decent EGB supply (E24bln - FR, DE, IT, ES).
- Most headlines this morning surround US-China trade. US Fed meeting this week
the centre of global attention.
- Euribor strip fairly flat; Short Stg up 2.5 ticks in late 2021/22 contracts.
- Latest bond futures prices: 
* Sep Bund futures (RX) up 28 ticks at 174.49 (L: 174.27 / H: 174.51)
* Sep BTP futures (IK) up 52 ticks at 139.97 (L: 139.49 / H: 140.01)
* Sep OAT futures (OA) up 26 ticks at 166.73 (L: 166.44 / H: 166.76)
* Sep Gilt futures (G) up 18 ticks at 132.26 (L: 132.21 / H: 132.37) 

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