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Safe-haven bonds are strengthening.....>

BOND SUMMARY
BOND SUMMARY: Safe-haven bonds are strengthening Tuesday in the return of U.S.
and U.K. markets from holiday, while Italian spreads are widening sharply.
- 10-Yr Tsy yields touching lowest levels since Sep 2017; notably, real yields
have erased all of the 2018-19 gains. A few second-tier data releases later.
- U.S. curve flattening, 2Y10Y -1.563 at 13.837bps.
- Meanwhile, Eurozone core/semi-core EGB and Gilt Jun futures are hitting
contract highs post-EU elections and amid weaker equities (Eurostoxx off 0.5%).
- BTPs 5.1bps wider of 10-Yr Bunds at 287.2bps, with Rome-Brussels tensions
resurfacing over Italian fiscal policy.
- JGBs moving higher, Jun19 futures up 7 ticks to highest since April at 152.96.
- Latest futures levels:
* US Jun 10-Yr futures (TY) up 12.5/32 at 125-9 (L: 124-29 / H: 125-10.5)
* Jun Bund futures (RX) up 19 ticks at 167.83 (L: 167.52 / H: 167.91)
* Jun BTP futures (IK) down 54 ticks at 129.41 (L: 129.19 / H: 129.68)
* Jun Gilt futures (G) up 41 ticks at 130.32 (L: 130.14 / H: 130.37)

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