It has been a busy day for EGBs with....>

EGB SUMMARY: It has been a busy day for EGBs with BTP-Bund spreads hitting their

widest levels since February earlier today on the back of continued headlines

from Italian Deputy PM Salvini surrounding EU deficit rules. He has said that he

is not concerned about the increase in spreads. Economy Minister Tria played

down some of these concerns later saying that yield fluctuations were

"unjustified but understandable" in the run-up to elections.

- At the time of writing 10y BTP-Bund spreads were at 284bp (down from almost

292bp intraday highs) but still around 4.5bp wider on the day.

- Bunds were also off of their highs. Futures hit 167.43 but have since fallen

back to 167.07, although this remain 0.47 higher on the day. 10y Bund yields are

down -3.5bp at -0.106% and Schatz yields down -2.2bp at -0.661%.

- BTP futures are down -0.08 today at 129.04 with 10y yields up 0.8bp at 2.736%

and 2y yields up 3.8bp at 0.716%.

- OAT futures are up 0.38 today at 163.07 with 10y yields down -2.7bp at 0.299%

and 2y yields down -1.0bp at -0.585%.

- Other peripheral spreads are generally a little wider on the day.