Better buying of EGB's during the.......>

EGB SUMMARY: Better buying of EGB's during the afternoon European session, as

Equities unwind some of the morning gains during the US Equity cash open. 

-Bund have traded higher in tandem with their US counterpart,with risk assets,

once again leading price action.

-French OATs took their cues from the German curve and are even looking to

outperform the German 10year bond. Both contract are trading 86 ticks at the

time of typing. 

-Peripherals have widened further during the afternoon session, with Greece

sitting at over 8bps on the day. 

- Spain, Italy and Portugal are circa 2-3bps wider against the German 10s. 

-ECB President Lagarde is discussing Monetary Policy with European MPs, but so

far very new, from what has already been mentioned from the ECB meeting last

week. 

- Bund futures are up 0.41 today at 170.27 with BTP futures up 0.15 at 143.29

and OAT futures up 0.36 at 167.23.