EGB/Gilt - Gilt edges back in the green

EGBs and Bund have seen more limited moves this afternoon, after a very busy start during the European morning session.

• Volumes are still overall on the low side, with ALL EYES now turning to the EU CPI release on Friday.
• Peripheral, now sees Greece 12.5bps tighter, tightest since April.
• Gilt continues to underperform Germany this afternoon, but the contract is back into the Green, after Bank of England's Swati Dhingra testified to the Treasury Committee in Parliament.
• She sounded Dovish overall and will be taking over BoE Saunders in August.
• Looking ahead, ECB Lagarde, closing remarks at the ECB Forum, Fed Mester and Bullard are still scheduled.
• Sep Bund futures (RX) up 118 ticks at 146.36 (L: 145.14 / H: 147.37)
• Germany: The 2-Yr yield is down 6.9bps at 0.888%, 5-Yr is down 10.6bps at 1.327%, 10-Yr is down 7.8bps at 1.55%, and 30-Yr is down 6.4bps at 1.764%.
• Sep Gilt futures (G) up 24 ticks at 112.39 (L: 111.72 / H: 112.66)
• UK: The 2-Yr yield is down 4.2bps at 2.074%, 5-Yr is down 3.4bps at 2.108%, 10-Yr is down 5.3bps at 2.412%, and 30-Yr is down 1.2bps at 2.7%.
• Sep BTP futures (IK) up 138 ticks at 121.57 (L: 120.58 / H: 121.83)
• Sep OAT futures (OA) up 93 ticks at 136.83 (L: 135.81 / H: 137.57)
• Italian BTP spread down 4.1bps at 189.1bpsSpanish bond spread down 2bps at 107.7bps
• Portuguese PGB spread down 1.1bps at 106.5bps
• Greek bond spread down 11.5bps at 214.6bps