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A quiet day for EGBs in terms of........>

EGB SUMMARY
EGB SUMMARY: A quiet day for EGBs in terms of headlines/data flow/speakers,
ultimately a range-trading story of risk-off turning to risk-on. Periphery
spreads failed to return to earlier lows, but Bunds are continuing to sell off.
- Equities bouncing off lows and eventually out of day's range to the upside has
been the catalyst, though little in the way of headline drivers.
- UK/EU talks on future trading relationship revealed nothing new, but as MNI's
exclusive put it this morning, little was expected anyway (and the E.U. may be
flexible, possibly accepting level playing field divergence). 
** Latest levels:
* Sep Bund futures (RX) down 3 ticks at 175.54 (L: 175.51 / H: 175.98)
* Germany: The 2-Yr yield is up 1.2bps at -0.66%, 5-Yr is up 0.7bps at -0.649%,
10-Yr is down 0.4bps at -0.443%, and 30-Yr is down 0.3bps at 0.041%.
* Sep BTP futures (IK) up 6 ticks at 141.64 (L: 141.47 / H: 142.12)
* Italy / German 10-Yr spread 0.3bps tighter at 188.3bps
* Sep OAT futures (OA) up 1 ticks at 166.39 (L: 166.39 / H: 166.75)

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