EGBs and Gilts are up across the.......>

BOND SUMMARY: EGBs and Gilts are up across the board, with weak Eurozone PMI

data and a continued fall in oil prices contributing to the rally.

- The Dec 18 Gilt future is up 30 ticks at 123.00 with the curve flattening,

2-Yr yield is down 2.1bps at 0.748%, 10-Yr is down 3.9bps at 1.389%.

- Main UK attention being paid to the Brexit withdrawal deal set to be signed

Sunday at the special EU summit.

- The Dec 18 Bund future is up 28 ticks at 160.91, while BTP futures are up 64

ticks at 122.74, having traded in a range of 121.96-122.91 today.

- The spread of 10-Yr Italian BTPs vs Bunds is down 6.4bps at 302bps, with bull

steepening in the Italian curve: the 2-Yr yield is down 10.5bps at 0.914%, 10-Yr

is down 8.1bps at 3.373% (2s10s spread pushing to 16-month highs).

- Main story this morning has been weak EMU PMI data, Germany composite PMI

falling for third consecutive month to 52.2, a 47-month low.

- Oil prices also lower (Brent -2.4%), contributing to lower breakevens.

- Far ends of Short Sterling and Euribor strips up 2.0-4.0 ticks.

- ECB's de Guindos is the sole speaker today, expected at midday London time.