A steadier afternoon session

A more steady afternoon for EGBs, with lighter volumes on the margin.

• Risk sentiment, risk on tone has kept Bund better offered this afternoon, as Equities pared most of yesterday's losses.
• Curve is trading bear steeper, albeit within yesterday's range.
• Peripheral spreads trade tighter, with the Italian BTP leading at 5.3bps tighter, and at last Thursday's levels.
• Looking ahead, ECB Centero and de Cos are still scheduled.
• Mar Bund futures (RX) down 13 ticks at 177.7 (L: 177.53 / H: 177.96)
• Germany: The 2-Yr yield is up 0.5bps at -0.722%, 5-Yr is up 0.4bps at -0.74%, 10-Yr is up 0.8bps at -0.542%, and 30-Yr is up 1bps at -0.126%.
• Mar BTP futures (IK) up 55 ticks at 151.18 (L: 150.43 / H: 151.19)
• Mar OAT futures (OA) down 5 ticks at 167.53 (L: 167.37 / H: 167.69)
• Italy / German 10-Yr spread 5.5bps tighter at 117.3bps
• Spanish bond spread down 1.9bps at 60.4bps
• Portuguese PGB spread down 1.9bps at 55.3bps
• Greek bond spread down 0.2bps at 123.2bps