European Council President Donald.......>

EGB SUMMARY: European Council President Donald Tusk has stated that the Irish

border is a top priority and that the EU will not gamble with peace in Ireland.

He further went on to say that the most important task is to prevent a no-deal

Brexit. While certainly making the right noises, a concomitant refusal to

renegotiate the Withdrawal Agreement represents a crucial caveat.

- German bunds have traded in a tight range this morning with long-end yields

near yesterday's close. Current yield levels: 2-year -0.567%, 10-year 0.165%,

30-year 0.772%. The curve is marginally steeper with 2s30s trading up to

133.1bps from a low of 131.3bps.

- French OAT yields have drifted higher with the 10- and 30-year benchmarks

underperforming.

- Italian BTPs have lacked direction with trading in a narrow 2-3bps across much

of the curve. However, the 30-year benchmark has underperformed with the yield

up 5.8bps on the day as a new syndication weighs.

- Euribor futures are flat in whites/reds and 0.5-1.5 ticks higher in

greens/blues