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/FUTURES ROLL UPDATE: A breakthrough for......>

BONDS
BONDS: /FUTURES ROLL UPDATE: A breakthrough for Buxl rolling, moving a quarter
of the way further toward roll completion today, with 76k UBM0-UBU0 spreads
traded on the day. Well over halfway there across all EGB contracts, ahead of
Jun 8 first notice date.
* Roll completion estimate as % of open interest / Est. perc. change today:
DE - Schatz (2Y). . .71.8% / 16.7%
DE - Bobl (5Y). . . .59.7% / 15.2%
DE - Bund (10Y). . . 62.0% / 17.9%
DE - Buxl (30Y). . . 64.4% / 26.3%
IT - BTP (10Y). . . .58.5% / 15.1%
FR - OAT (10Y). . . .65.1% / 13.7%

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