There has been fairly limited...........>

EGB SUMMARY: There has been fairly limited reaction to the mounting trade

dispute between the US and China, with core EGBs slightly stronger.

- The Dec 18 Bund future is up 8 ticks at 159.10 though is off its highs, having

traded in a range of 158.95-159.26 today.

- The German curve is a little flatter: the 2-Yr yield is up 0.1bps at -0.527%,

5-Yr is unchanged at -0.113%, 10-Yr is down 0.4bps at 0.454%, and 30-Yr is down

0.8bps at 1.098%.

- Periphery yields are trading mixed, with Italian BTP yields retreating from

highs, following early headlines that Deputy PM Di Maio clashed with Fin Min

Tria on Monday evening, threatening to fire him. 2-Yr BTP yield down 0.7bps at

0.696%, after highs of 0.751%.

- More clarity out this morning on the Salzburg summit later this week, with

summit Chair Donald Tusk setting out am agenda focused on the `end-game`,

including setting a potential November European Council date for a final phase

of Brexit talks. But in the end, as an informal summit, there are unlikely to be

binding decisions made.