A very quiet afternoon session with.....>

EGB SUMMARY: A very quiet afternoon session with no real directional flow of

note. 

-Bunds have traded within a 49 ticks range, and very limited liquidity, with

volume running below 40% of averages. 

Peripherals are generally a touch tighter, but BTP is underperforming today,

trading 3.1 bps wider versus the German 10 year. 

-The Bund is close to flat on the day, while the Italian BTP sits 34 down on the

day. 

- Bund futures are down -0.03 today at 171.51 with 10y Bund yields up 0.5bp at

-0.249% and Schatz yields unch at -0.643%. 

- BTP futures are down -0.34 today at 142.08 with 10y yields up 3.4bp at 1.437%

and 2y yields up 2.8bp at -0.12%. 

- OAT futures are down -0.06 today at 163.70 with 10y yields up 0.3bp at 0.053%

and 2y yields up 0.4bp at -0.623%.