It's been a quiet day with markets......>

EGB SUMMARY: It's been a quiet day with markets looking ahead to the rest of the

week with not much on today's calendar or many headlines to move the docket.

- Markets had been anticipating the US ISM non-manufacturing which came in

better than expected and saw a small move lower in Bunds. Tomorrow's release of

German IP and Italian retail sales are likely to be in focus too. Both of these

prints will be for May, before lockdown reversals had accelerated. The

manufacturing sector in Germany has remained a concern after the PMI has failed

to bounce back in June so it will be interesting to see how downbeat the May

data is. Equally, in Italy retail sales are expected to rebound somewhat in May

but still be considerably down on last year.

- Bunds have moved a bit lower while peripheral spreads are a little tighter on

the day. ** Latest levels:

* Sep Bund futures (RX) down 5 ticks  at 175.97 (L: 175.62 / H: 176.15)

* Sep BTP futures (IK) up 30 ticks  at 144.02 (L: 143.65 / H: 144.34)

* Sep OAT futures (OA) up 10 ticks  at 167.51 (L: 167.12 / H: 167.62)

* Italy / German 10-Yr spread 2.4bps tighter at 166.3bps