Little to report outside of the usual.........>

BUNDS: Little to report outside of the usual Italian fiscal antics over the last

day or so, with the situation seemingly no closer to being resolved. A couple of

fairly gloomy ECB source reports from RTRS & BBG had little impact on the space.

- Widespread Whit Monday holidays limited volume yesterday, with the space

taking its cues from elsewhere (namely U.S.-Mexico trade/border developments),

as the space traded heavily, allowing yields to edge away from the all-time lows

lodged on Friday.

- Futures sit unchanged to a touch below settlement as we head towards European

hours; Schatz unch., Bobls -4.0 ticks, Bunds -17 ticks.

- Lower tier data is due from across the Euro area today, with various

confidence metrics providing the highlight. Focus will likely fall on central

bank rhetoric with ECB's Nowotny, Rehn and Kazimir all due to speak