After a strong open across all EGBs.....>

EGB SUMMARY: After a strong open across all EGBs this morning the core EGBs have

lost ground whilst the peripheries have marched on. 

- This morning has also seen France and Slovenia announce their issuance plans

for 2019, looking for E200bln and E2.1bln respectively.  

- The Mar-19 Bund future now up just 14 ticks at 163.52, having traded above 164

earlier today. 

- The slowdown from this mornings momentum has been lead by the long end of the

curve causing a 0.6bps flattening in the 2s30s. 

-  The 2-Yr yield is up 0.5bps at -0.599%, 5-Yr is up 0.5bps at -0.294%, 10-Yr

is down 0.3bps at 0.236%, and 30-Yr is down 1.1bps at 0.85%.

- The Mar-19 BTP future has extended this mornings gains and is now trading up

61 ticks at 127.61.

- The belly of the cash curve continues to lead the way; the 2-Yr yield is down

2bps at 0.42%, 5-Yr is down 6bps at 1.764%, 10-Yr is down 2.6bps at 2.746%. 

- Elsewhere the 10-Yr spread of SGBs and PGBs Vs Bunds has grown by 0.9bps and

1.4bps respectively, with Greek 10-Yr spread Vs Bunds down 0.6bps.