A more range bound affair for the.......>

EGB SUMMARY: A more range bound affair for the London afternoon session. 

-EGB's are trading mid range, following a busy morning session in terms of

volumes and Risk Off dominating price action. 

-Two way flow was mostly noted by market participants as investors awaits on the

next bout of Covid 19 headlines. 

-Peripheral are all wider against the German Bund, with the latter having the

safer haven status against other EU National bonds. -Italy is sitting close to

10bps wider, given that their overnight story has been the main driver of global

asset.

-Recall: Italy reported 150 people had tested positive for the virus up to

Sunday with 11 towns now quarantined in Northern Italy. 

- Bund futures are up 0.56 today at 175.49 

- BTP futures down -0.79 at 147.46 

- OAT futures up 0.31 at 167.83.