German government bonds are trading.....>

EGB SUMMARY: German government bonds are trading little changed into the NY

session Monday amid 2-way flow. 

- June Bunds re-opened higher following Easter holiday break taking cue from

stock sell-off, where the S&P-500 broke below the crucial 200-day moving average

and the Dow closed down 458pts.

- Bunds were also weighed by block trades - June Bund at 159.16 x 2.783k

reported 0842GMT and - June US Treasuries at 121-035 for 3k at 0825GMT + 121-015

for 3k at 0838GMT. 

 - However, Bunds put in a bounce following weak European PMI; Italy PMI at

55.1; France PMI 53.7; Germany PMI 58.2 and European final Mar PMI at 56.6 vs

flash at 56.6 and Feb 58.6. 

- Market sources confirm June Schatz earlier was bought in size at 111.945/95 x

10k.

- Overall, the Germany yield curve is flatter with 2-/10-year yield spread at

+108.6bps vs +109.4bps.

- June Bunds last trading up 3 ticks at 159.46.