Following the jolt this morning on......>

EGB SUMMARY: Following the jolt this morning on the back of the twin US

headlines (escalating tensions with China and Iran), there has been limited

movement in EGBs this afternoon.

- Bunds have traded in a relatively tight range. Current yield levels: 2-year

-0.596%, 5-year -0.427%, 10-year 0.006%, 30-year 0.654%.

- Germany's Economy Minister Peter Altmaier has stated that the EU is trying to

help resolve the trade spat between Washington and Beijing, and has warned that

unilateral action on trade should be avoided. Although Germany has been a

longstanding supporter of free trade and globalisation, Altmaier's comments also

reflect mounting concern over the vulnerability of Germany's struggling car

industry.

- Italian BTP yields are 1-2bp higher on the day, while the curve trades

relatively flat. Former Italian Prime Minister Silvio Berlusconi has left

hospital following surgery and has vowed to continue campaigning in European

Parliamentary elections.

- Euribor futures are flat in whites, 0.5/1.0 ticks higher in greens/blues