German FI unch. to a few ticks lower; Schatz...>

EGBS: German FI unch. to a few ticks lower; Schatz unch., Bobls -6.0, Bunds -16.

- Italian political risk remains evident, with rumours that Salvini & Di Maio

will meet at a time when Salvini is reportedly contemplating the future of PM

Conte, although Salvini said that he does not have such a meeting scheduled.

- The Spanish political situation also remains in limbo, with the leader of

Podemos telling the leader of the socialist party that he will not accept

decorative cabinet posts in exchange for his party's support. There will be a

vote on the socialist party's attempt to form a government later today.

- Elsewhere, Greece's new ruling party noted that it wants to ease the budget

restrictions set by its bailout lenders ~2 years ahead of schedule.

- EZ consumer confidence headlines the local docket today, although the schedule

is limited, with event risk set to pick up as we move through the week,

headlined by Thursday's ECB decision. The latest MNI sources story, released

yesterday, suggested that the ECB "is likely to revise its forward guidance on

Thursday, making it clearer that the next adjustment to interest rates will be

downwards but holding off any immediate stimulus moves."