EGB markets are relatively quiet.......>

BOND SUMMARY: EGB markets are relatively quiet ahead of the ECB meeting today. 

- The US 10-year Treasury yield trades at 2.962%, broadly unchanged during the

session with a daily high of 2.973%.Initial jobless claims and durable goods

orders are out later today.

- The German bund curve is little moved on the day. The benchmark 2-year bund

yield trades at -0.598%, down from a morning high of -0.593%, while the 10-year

yield has edged down to 0.410% from 0.421%.

- There has been a little bit more movement in Italian BTPs. The 10-year has

sold off with the yield trading at 2.710% up from 2.684% at the open and near

the session's high. The curve has flattened with the 2s30s spread narrowing to

275.4bps from a high of 280.2%.

- Having rallied during the early morning, UK gilts have since pulled back. The

benchmark 10-year yield has pushed up to 1.2895% from a low of 1.276%, while the

30-year trades at 1.720% from 1706%.

- EURIBOR futures are down 0.5-2.0 ticks, while Euro$ are down 1.0-3.0 ticks.