A decent afternoon session for EGB's ...>

EGB SUMMARY: A decent afternoon session for EGB's 

-Govies were the leading asset over FX and Equities, led by Gilt led in the

London morning session, but have since been led by Treasuries. - Surprisingly,

this has been post a lower CPI + the risk of no news on the trade war front. 

-Bunds were led lower by the long end treasury strip, with likely delta hedging

into the longer part of the US curve, ahead of the 30yr Auction. 

-The US 30yr came at some of the lowest yields on records, and poor previous

results. 

-Peripherals are once again mixed against the German 10yr, with best performer

Greece at 3.6bps tighter and worst performer Italy at 3bps wider. -Looking

ahead, very little for Europe, but traders will keep an eye on more fed speakers

later this evening. 

- Bund futures are down -1.08 today at 172.97 with BTP futures down -1.01 at

144.18 and OAT futures down -1.09 at 169.02.