EGBs are down across the board with.....>

EGB SUMMARY: EGBs are down across the board with the market correcting some of

yesterday gains but the broader risk off sentiment remains. 

- The Mar 19 Bund future is down 17 ticks at 164.47, having traded in a range of

164.38-165.1 today.

- The long end of the Bund curve has been the days underperformer - in part due

to their outperformance yesterday - the 10yr yield down 1.5bps at 0.18%, and

30-yr down 2bps at 0.82%. The 2s10s has steepened 0.8bps to 88bps.  

- Italian BTPs are on track to record their biggest one day lose for 3-months,

the Mar 19 BTP future down 131 ticks at 126.99.

- Most of the loses have been seen in the belly of the BTP curve where the 5-yr

and 10-yr yields have risen 11.5bps and 13.5bps respectively.  

- Spain issued a combined E3.05bln in nominal and linker bonds with maturities

ranging from 3-15yrs. Demand at this auction was slightly lower than at the last

across all the bonds. 

- Tomorrow is a big day for data with both services & composite PMI alongside

German employment and Eurozone inflation.