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BTP have gone from high of the day to lows....>

BONDS
BONDS: BTP have gone from high of the day to lows of the day now, moving the
Bund/BTP spread from 7bps tighter on the open to just 1bp now. Desk still only
report 2 way price action as we trade within past ranges.
-Curve play so far are mixed. Bear steepen in the UK with 5/30s edging at the
high the day. And seeing similar price action in US Treasuries with 5/30s edging
higher.
*For Germany, small flattening with 5/30 at the low of the day, all in small.

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