There have been little idiosyncratic....>

EGB SUMMARY: There have been little idiosyncratic drivers for EGBs today with a

marginal tightening of peripheral spreads.

- Lagarde made her first speech as ECB President yesterday but made little

mention of monetary policy. EGBs have taken their cue from a general risk-on

environment following positive US-China headlines overnight.

- Headlines from EU Commission Chief Negotiator Barnier has said that time will

be "extremely short for negotiations" surrounding a future UK trade deal by the

end of 2020.

- Bund futures are down -0.35 today at 170.64 with 10y Bund yields up 2.5bp at

-0.327% and Schatz yields up 0.7bp at -0.648%.

- BTP futures are down -0.30 today at 143.51 with 10y yields up 2.5bp at 1.018%

and 2y yields up 0.8bp at -0.190%.

- OAT futures are down -0.24 today at 167.33 with 10y yields up 1.7bp at -0.28%

and 2y yields up 0.8bp at -0.599%.