EGB/Gilts - Pare some of the morning's bids

Dust has settled a little in Global Bond, after a pretty busy morning session.

• EGBs have faded some of the earlier bid, to trade circa mid range.
• ECB new strategic review, "ECB to allow new inflation goal of 2% and will allow to overshoot."
• Peripheral have widened a fair bit with Greece and Italy by 4.5bps and 5bps respectively.
• US/Bund spread is now tightest since mid February.
• Gilts have mostly kept up pace with European counterpart, albeit half a basis point wider against the German 10yr.
• Sep Bund futures (RX) up 38 ticks at 174.4 (L: 174.09 / H: 174.77)
• Germany: The 2-Yr yield is down 0.7bps at -0.683%, 5-Yr is down 1.8bps at -0.612%, 10-Yr is down 2.2bps at -0.32%, and 30-Yr is down 2.5bps at 0.162%.
• Sep Gilt futures (G) up 12 ticks at 129.56 (L: 129.43 / H: 129.92)
• UK: The 2-Yr yield is up 0.6bps at 0.068%, 5-Yr is down 1.3bps at 0.242%, 10-Yr is down 1.7bps at 0.583%, and 30-Yr is down 2.8bps at 1.093%
• Sep OAT futures (OA) up 11 ticks at 160.32 (L: 160.13 / H: 160.71)
• Sep BTP futures (IK) down 34 ticks at 152.15 (L: 151.93 / H: 152.82)
• Italy / German 10-Yr spread 5.3bps wider at 109.2bps
• Spanish bond spread up 3bps at 65.8bps
• Portuguese PGB spread up 4.3bps at 63.6bps
• Greek bond spread up 4.4bps at 109.1bps