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Italian bonds hold gains after todays...>

EGB SUMMARY
EGB SUMMARY: Italian bonds hold gains after todays earlier auction saw demanded
for the 10-yr benchmark reach it's highest since December 2017. Ending the worst
year for BTPs since 2011 of something of a high.
- The Mar 19 BTP future is up 4 ticks at 127.8, having traded in a range of
127.41-128.2 today.
- The curve steepened throughout the day with the 2-Yr yield down 4.9bps at
0.457%, 5-Yr down 2.2bps at 1.798%, 10-Yr down 0.9bps at 2.739%, and 30-Yr
unchanged at 3.53%.
- German Bunds and other core EGBs grinded lower during the day with little in
the way of data other than German inflation.  
- The Mar 19 Bund future is down 28 ticks at 163.45, having traded in a range of
163.42-163.76 today.
- Eurozone issuance for 2019 was completed today with Italy issuing E5.0bln in
bonds. Spain will kick off 2019 issuance on Wednesday with MNI estimating an
auction of E5.8bln. 
- The first Eurozone data of 2019 is the Markit manufacturing PMIs on Dec 2.    

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