- German bund yields have continued.....>

EGB SUMMARY: - German bund yields have continued to drift higher since mid

morning, with the curve lacking direction. The benchmark 2-year yield has edged

up to -0.581% from a morning low of -0.593% while the 10-year is up to 0.3697%

from a low of 0.352%.

- The French OAT curve has flattened since the open with the 2s10s spread

trading down to 119.2bps from a high of 121.15. Looking ahead to tomorrow,

French PMI data for November will be published at 0815BST.

- The rally in Italian BTPs lost momentum by midday with yields edging higher.

The benchmark 2-year BTP yield trades at 1.004% off a low of 0.902% and having

opened at 1.177%. Inflation breakevens have inched higher with the 5-year

benchmark pushing up to 0.790% from 0.763%.

- On the back of the long-end underperforming, the Spanish government bond curve

has steepened with the 2s30s spread widening by 4bps since the low.

- Euribor futures are broadly flat to 0.5 ticks higher.