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

BOND SUMMARY
BOND SUMMARY: EGBs/GILTs: European govvies have traded mixed this morning. 
- Gilts have broadly sold off with no obvious trigger. Yields at <10-year
maturity are up 2bp. Current yield levels: 2-year 0.516%, 5-year 0.457%, 10-year
0.589%, 30-year 1.065%.
- Bunds have similarly weakened a touch and the curve has bear steepened.
- OATs trade close to unch on the day. Current yield levels: 2-year -0.611%,
5-year -0.472%, 10-year -0.144%, 30-year 0.643%.
- BTPs have rallied strongly with the longer end of the curve outperforming. The
15-yyear benchmark yield is down 5bp, while the 2s10s spread has narrowed 3bp.
- Tomorrow will see the release of final January CPI data for Germany, France
unemployment and Dutch GDP.

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