Have traded within morning ranges

EGBs have stayed within the morning ranges, as the street gears up for a busy week.

• We had no 1 tier data, and the speaker front, ECB Lane noted that Exchange rate did matter for inflation forecast. ECB is driven by inflation and hoped that there isn't a disorderly Brexit.
• German curve is flat and trading back at levels seen during the European open.
• Peripherals have kept pace and have outperformed Core Bond.
• Italy and Portugal are best the tightest ar 2.2bps against the German 10yr.
• Brexit, Fed and unofficial EU/UK talks are at the forefront this week.
• Looking ahead, focus turns to the 2nd reading vote.
• UK MPs voting could be as late as 22.00BST on the second reading of the bill.
• Bund futures are up 0.18 today at 174.14 with 10y Bund yields down -1.0bp at -0.492% and Schatz yields down -0.8bp at -0.708%.
• BTP futures are up 0.41 today at 145.99 with 10y yields down -3.1bp at 1.006% and 2y yields down -1.8bp at -0.152%.
• OAT futures are up 0.33 today at 168.06 with 10y yields down -2.1bp at -0.212% and 2y yields down -0.1bp at -0.641%.