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Bunds have been underperforming gilts...>

EGB SUMMARY
EGB SUMMARY: Bunds have been underperforming gilts and Treasuries today.
Peripheral spreads are tightening and European equities are up, in line with
Asian and US markets. 
- There has been no big catalyst for why Bunds have been the underperformers
among the majors, other than the market looking optimistically ahead to the EU
Summit later this week.
** Latest levels:
* Sep Bund futures (RX) down 92 ticks at 175.71 (L: 175.65 / H: 176.49)
* Germany: The 2-Yr yield is up 3bps at -0.659%, 5-Yr is up 4.1bps at -0.626%,
10-Yr is up 5bps at -0.415%, and 30-Yr is up 5.7bps at 0.015%.
* Sep BTP futures (IK) down 12 ticks at 144 (L: 143.61 / H: 144.29)
* Sep OAT futures (OA) down 65 ticks at 167.24 (L: 167.17 / H: 167.8)
* Italy / German 10-Yr spread 4.2bps tighter at 164.9bps

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