- Following Fed Chair Jerome...........>

BOND SUMMARY: - Following Fed Chair Jerome Powell's comments, US TSYs have

rallied. The benchmark 2-year yield has pushed down to 2.784% from a high of

2.809% while the 10-year is down to 3.008% from 3.0498%.

- JGBs have inched lower, albeit in a tight range. The Dec JGB future trades at

151.29 up from a morning low of 151.18.

- The long-end of the German bund curve has rallied with the 10-year yield

edging down to 0.325% from 0.341% with the 2s10s spread narrowing to 91.6bps

from 93.1bps.

- French OATs have rallied with the belly of the curve outperforming. 2s10s is

1bps steeper on the day.

- Italy has been out of the headlines so far today and the BTP market has been

relatively quiet. The 2-year yield has traded up to 0.909% from a low of 0.847%.

- UK PM Theresa May is facing a tough grilling in front of the parliamentary

select committee in yet another sign that her withdrawal deal will struggle to

secure backing from MPs. 

- Euro$ futures are up 1.0-4.0 ticks, Euribor futures are up 0.5-2.5 ticks.