EGBs/GILTs: Core European govvies......>

BOND SUMMARY: EGBs/GILTs: Core European govvies remain bid this morning. 

- In a further sign that there is no let up in Coronavirus fears, British

Airways has cancelled flights to China until the end of February. 

- All eyes are on the upcoming BoE meeting, which has become the least

predictable in sometime with no consensus among sell-side analysts.

- UK PM Boris Johnson is reportedly at risk of a backbench rebellion over the

contentious HS2 trainline project. 

- Gilts have firmed this morning. Current yield levels: 2-year 0.403%, 5-year

0.352%, 10-year 0.486%, 30-year 0.994%.

- Bund yields are broadly 1-3bp lower on the day.

- OATs have similarly strengthened. The curve has bull flattened with the 2s10s

spread narrowing 2bp.

- BTPs have weakened a touch albeit with yields only marginally above

yesterday's close.