- Despite US midterm results and the...>

BOND SUMMARY: - Despite US midterm results and the November FOMC meeting hitting

the newswires this week, treasuries have got off to a relatively quiet start

with the 10yr yield down just 2bps.

- JGB yields have ticked lower with the 2-year benchmark trading at -0.133% down

from a high of -0.128%.

- Bunds rallied from the open but reversed the gains by 1000BST.

Underperformance at the longer end has caused the curve to steepen with the

2s10s spread trading up to 104.9bps from 103.4bps.

- The longer end of the French curve has sold off with the 10-year yield pushing

up to 0.7997% from a low of 0.773%.

- Italian BTPs dropped sharply from the open with the sell-off appearing to lose

momentum at the time of writing. The 2-year BTP trades at 0.925% down from a

morning high of 0.9776% and up from 0.8479% at the Friday close.

- Gilt yields have pushed higher across the curve. Current yields: 2yr 0.810%,

10yr 1.510%, 30yr 1.908%.

- Euro$ are down 0.5-1.5 ticks. Euribor futures are down 0.5 ticks in whites.