EGB/GILT SUMMARY - Steeper curves

EGBs are leaning steeper this afternoon, but Bund continue to trade either side of the 172.00 handle, now at 172.00 at the time of typing.

• Speakers have revealed nothing new, to move the needle.
• BTP have held onto gains versus it peers and trade in positive territory, pushing the BTP/Bund spread 1.9bp tighter.
• Gilt have been more range bound today trading within 127.74-128.04 low/high.
• UK curve is also steeper.
• Looking ahead, we still have a few speakers for the session, with ECB Villeroy, Weidmann and BoE Hauser
• Sep Bund futures (RX) down 19 ticks at 172.07 (L: 171.86 / H: 172.33)
• Germany: The 2-Yr yield is up 0.2bps at -0.65%, 5-Yr is up 1.2bps at -0.562%, 10-Yr is up 1.6bps at -0.174%, and 30-Yr is up 1.8bps at 0.329%.
• Sep Gilt futures (G) down 1 ticks at 127.95 (L: 127.74 / H: 128.04)
• UK: The 2-Yr yield is up 0.5bps at 0.062%, 5-Yr is up 0.6bps at 0.347%, 10-Yr is up 1.3bps at 0.735%, and 30-Yr is up 2.2bps at 1.243%.
• Sep BTP futures (IK) up 12 ticks at 150.79 (L: 150.59 / H: 150.96)
• Sep OAT futures (OA) down 7 ticks at 158.56 (L: 158.37 / H: 158.78)
• Italian BTP spread down 1.7bps at 104.6bps
• Spanish bond spread down 0.7bps at 62.5bps
• Portuguese PGB spread down 0.8bps at 60.5bps
• Greek bond spread down 1.2bps at 102.5bps