A two way price action this afternoon...>

EGB SUMMARY: A two way price action this afternoon in a fairly subdued session

for EGBs. 

-This morning saw Final PMI prints for the euro area which were broadly in line

to a touch better than expected. 

- EC President Ursula Von Der Leyen and the EU's chief Brexit negotiator Michel

Barnier will meet with UK PM Boris Johnson in Downing Street on Wednesday. 

-This afternoon saw very little in term of new news and the Bond market price

action has reflected the latter. 

-RM have been on the side line, with one eye on potential developments in the

middle east. 

-Nothing new has emerged during our trading session, showing the lack of impetus

in either direction. 

-Peripherals are 1 to 2 bps wider against the German 10yr, with very little

conviction in market direction. 

- Bund futures are up 0.23 today at 172.35 with BTP futures down -0.01 at 143.27

and OAT futures up 0.22 at 164.47