EGB have traded within the morning......>

EGB SUMMARY: EGB have traded within the morning range this afternoon, with

syndication taking centre stage, as well as a fair amount of Corp issuances to

take down. 

-Peripheral spread are still mixed with Greece performing best against the

Herman 10 year, 4bps tighter on the day while Italy sits 7bps wider. 

-Today's risk sentiment has kept the BTP under pressure, pushing the futures

lower and down 73 ticks at the time of typing. 

-Looking ahead, the focus turns to the FOMC meeting 

** Latest levels:

* Sep Bund futures (RX) up 28 ticks at 173.74 (L: 173.25 / H: 173.8) 

* Germany: The 2-Yr yield is down 1bps at -0.618%, 5-Yr is down 1.2bps at

-0.572%, 10-Yr is down 2.1bps at -0.33%, and 30-Yr is down 3.2bps at 0.163%. 

* Sep BTP futures (IK) down 72 ticks at 140.19 (L: 140.16 / H: 141.12) 

* Italy / German 10-Yr spread 7.4bps wider at 188.4bps * Sep OAT futures (OA)

down 12 ticks at 164.62 (L: 164.36 / H: 164.9)