EGBs have weakened since the open.......>

EGB SUMMARY: EGBs have weakened since the open early Monday, with a key ECB

meeting looming later in the week.

- The Mar 19 Bund future is up 9 ticks at 163.26, having earlier traded as high

as 163.64. The 2-Yr yield is up 1.4bps at -0.585%, 5-Yr is up 0.6bps at -0.298%,

10-Yr is down 0.2bps at 0.247%, and 30-Yr is down 1.3bps at 0.869%.

- French OAT spreads are widening vs Bunds, 10-Yrs at widest levels (44.6bps)

since mid-2017, as the Gilets Jaunes movements have put pressure on Pres Macron,

who will deliver a nationally-televised address at 1900GMT.

- Meanwhile Italian BTPs are weaker as Rome wrangles internally on reaching a 2%

(or even 1.9%) budget deficit target for 2019, as a meeting between PM Conte and

EU's Juncker reportedly awaits Wednesday ahead of the European summit Thu/Fri.

- Mar 19 BTP future is down 30 ticks at 123.13; 10-Yr spread vs Bunds is up

3.3bps at 291.6bps.

- Apart from ECB and EU Summit later this week, attention on UK`s Brexit

Parliamentary vote on Tues.

- ECB's Lautenschlaeger speaks at 0930GMT, Angeloni at 1215GMT.