Both core and periphery EGBs are........>

EGB SUMMARY: Both core and periphery EGBs are feeling the benefit of more

hawkish FED rhetoric then expected last night and have all made gains at the

open. 

- Riksbank have just announced a hike of 25bps to -0.25% 

- The Riksbank hike was only 40% priced in, and there is now no chance of a hike

in Feb.  

- The Mar-19 Bund is currently trading at 163.83, up 45 ticks having traded in a

range of 163.66-164.01 today. 

- The Bund cash curve has seen a steady flattening throughout with longer ends

outperforming the shorter sections. 

- The 2-Yr yield is down 0.5bps at -0.609%, 5-Yr is down 1.3bps at -0.312%,

10-Yr is down 2.4bps at 0.215%, and 30-Yr is down 3.1bps at 0.83%.   

- The Mar-19 BTP future is up 37 ticks at 127.37, having traded in a range of

126.79-127.4 today.

- The BTP cash curve has outperformed in the belly, the 5-Yr yield down 1.6bps

at 1.808%. The 2-Yr is down 0.8bps at 0.432%, 10-Yr down 0.7bps at 2.765%.