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Very quiet afternoon session, with......>

EGB SUMMARY: Very quiet afternoon session, with the street gearing towards a
busy week. -UK Parliament back tomorrow, Italian Politics and busy days on
Wednesday and Friday. 
-Peripheral spreads have stayed within ranges against the German 10 year.
Bund/BTP now 165.5bps vs 164.8 this morning. 
-It has been a good opportunity to start rolling futures. 
-Estimated roll completion estimate as % of open interest / Perc. change today: 
DE - Schatz (2Y). . .48.9% / 16.3% 
DE - Bobl (5Y). . .41.7% / 11.9% 
DE - Bund (10Y). . .29.9% / 0.9% 
DE - Buxl (30Y). . .30.6% / 4.3% 
IT - BTP (10Y). . .33.2% / 5.1% 
FR - OAT (10Y). . .27.7% / 7.7% 
-- Bund futures are down -0.14 today at 178.96 with BTP futures up 0.50 at
145.81 and OAT futures down -0.15 at 170.25.

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