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It has been relatively quiet so far.....>

EGB SUMMARY
EGB SUMMARY: It has been relatively quiet so far for core EGBs, but with
US-China trade talks due to take place in Washington, headline risk will be
pronounced. 
- German bunds have firmed with yields ~1-2bp lower on the day. Current yield
levels: 2-year -0.628%, 5-year -0.475%, 10-year -0.055%, 30-year 0.5867%
- OATs trade close to unch on the day with marginal outperformance at the very
long end. 
- Italian BTPs have been the big mover in EGBs on the back of revived budget
concerns for next year and the possibility of a state bailout for Carige bank.
Yields are 4-6bp higher. The curve is slightly flatter with 2s10s and 2s30s ~2bp
narrower.
- Spanish government bonds trade weaker, with the 2-year leading the charge.
Speaking at an EU summit in Romania, acting Prime Minister Pedro Sanchez has
stated that he is optimistic of a government being formed quickly.    

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