European bonds are weaker across the...>

BOND SUMMARY: European bonds are weaker across the board Tuesday as markets

return from holiday, while U.S. T-note futures have ticked higher.

- A notable widening of Italian spreads (10Yr BTP 3.6bps wider of Bunds),

possibly due to w/end headlines of rising tensions in the ruling coalition.

- Oil prices still rising on the back of U.S. ending Iran sanction waivers, with

small uptick in inflation breakevens noted though nothing dramatic.

- ECB`s Coeure sounded sceptical on tiering prospects in FAZ interview earlier.

- Very limited slate of Cenbank speakers; Fed in blackout ahead of May 1 FOMC.

- Data likewise limited; U.S. New Home Sales and Richmond Fed eyed later.

- Short Sterling and Euribor futures 0.5-1.5 ticks lower; Eurodollars steady.

- Latest bond futures prices:

* Jun U.S. 10-Yr futures (TY) up 1.5/32 at 122-31.5 (L: 122-30 / H: 123-02)

* Jun Bund futures (RX) down 43 ticks at 164.79 (L: 164.71 / H: 165.13)

* Jun BTP futures (IK) down 77 ticks at 129.38 (L: 129.34 / H: 130.11)

* Jun OAT futures (OA) down 47 ticks at 161.55 (L: 161.47 / H: 161.91)

* Jun Gilt futures (G) down 26 ticks at 126.88 (L: 126.85 / H: 127.05)