A busier afternoon session

A busier afternoon session, with EGBs taking their cue from long end US Treasuries.

• Across the pond, continued curve bear steepening dominated the session.
• 2/10s now at its steepest since 11/07/2017. The peak on that day was 99.738,
• 5/30s steepest since 14/11/2016. The peak on that day is at 145.921.
• German curve bear steepened, and 2s/10s trade at 20.00, although still short of the high on the 6th Jan.
• Peripheral are wider to flat, with Greece underperforming at 2.4bps wider.
• Looking ahead, some focus on Fed Bostic and Kaplan discussing Economy and Monetary Policy
• Bund futures are down -0.27 today at 177.03
• 10y Bund yields up 1.7bp at -0.505% and Schatz yields down -0.1bp at -0.708%.
• BTP futures are down -0.41 today at 151.93
• 10y yields up 3.2bp at 0.561% and 2y yields up 1.7bp at -0.394%.
• OAT futures are down -0.30 today at 167.28
• 10y yields up 2.1bp at -0.297% and 2y yields up 2.1bp at -0.664%.