Bunds have seen a sharp selloff - one...>

EGB SUMMARY: Bunds have seen a sharp selloff - one of the top 5 days for rising

yields in the quarter as 10y yields rise 7.6bp on the day at the time of writing

in the last trading day of the year.

- Other EGBs have also sold off but to a lesser extent, with spreads generally

tightening a little on the day.

- USTs have found a little bit of a bid but Bunds have continued to move lower

and at 170.55 futures stand close to their lows of the day.

- Curves across all EGBs have bear steepened today.

- Bund futures are down -1.06 today at 170.55 with 10y Bund yields up 7.2bp at

-0.186% and Schatz yields up 2.5bp at -0.616%.

- BTP futures are down -0.41 today at 142.46 with 10y yields up 4.6bp at 1.415%

and 2y yields up 2.6bp at -0.53%.

- OAT futures are down -0.95 today at 162.87 with 10y yields up 7.0bp at 0.113%

and 2y yields up 2.5bp at -0.600%.