0559 GMT - Negotiations on the 2027 budget will be a key risk across the eurozone government bond universe, Societe Generale rates strategists say in a note. The talks could potentially refocus investor attention on fiscal challenges and political uncertainty, including in Italy and Spain, they say. The strategists thus recommend investors stay bearish on French government bonds, or OATs, and mildly bullish on Italian and Spanish government bonds. As regards intra-eurozone bond yields, they remain close to recent highs, but within Societe Generale strategists' projected ranges. "Persistent geopolitical uncertainty and elevated oil and gas prices are not helping, alongside the global focus on growing sovereign debt, expectations of renewed supply, and increased political uncertainty after the summer recess," they say, favoring front-end bonds where carry remains most attractive.