Another busy afternoon session

Another busy session for EGBs as Equities come under serious pressure, with Stoxx600 set for the worst day this year, down 2.1%

• Bund has recovered from this morning's low, on short cover, profit taking and safe haven.
• Not a Govie driver, but a story today, was the big rout in crypto this afternoon.
• Peripherals are trading wider, with Italy at 2.2bps on th day.
• Looking ahead, sees Fed Bostic, ECB Lane and the FOMC minutes. but more likely to be a non event, given investor's focus turning to the next Fed meeting in June
• Bund futures are up 0.10 today at 168.92 with 10y Bund yields down -1.1bp at -0.115% and Schatz yields down -0.5bp at -0.658%.
• BTP futures are down -0.28 today at 144.95 with 10y yields up 1.1bp at 1.118% and 2y yields up 1.1bp at -0.210%.
• OAT futures are up 0.06 today at 158.96 with 10y yields down -1.1bp at 0.281% and 2y yields down -1.0bp at -0.620%.