German bond futures have extended their.......>

BUNDS: German bond futures have extended their gains today despite easing from

best levels, with the 10year now at 163.32, up 2 ticks on the day and remaining

above yesterday's highs. 

- Risk sentiment soured following the lack of positive comments on trade

relations with the US in President Xi's speech despite the leaders' assurances

of continued economic reform efforts. 

- Bunds are outperforming the Bobl and Schatz today after recent

underperformance, with the larger curve flattening trend remaining intact. 

- the space has underperformed the US over the past week largely thanks to the

less aggressive drop in equities which has prevented a sharper fall in

breakevens.