- German bund yields have steadily......>

EGB SUMMARY: - German bund yields have steadily pushed higher through the

session. The 2-year bund trades at a yield of -0.591% from a morning low of

-0.613% while the 10-year yield is up 3bps. The curve has broadly steepened

since mid morning, but has pulled back over the last hour. The 2s10s spread

trades at 102.95% off a morning low of 101.6bps.

- French OATs have similarly sold off across the curve. The 3-year benchmark has

underperformed with the yield edging up to -0.215% from -0.241%.

- The Italian BTP curve has flattened on the back the long end rallying. The

10-year trades at 3.344% down from 3.403% while the 2s10s spread has narrowed to

244.1bps from a high of 247.8bps.

- Spanish government bonds have sold off since the morning with the longer-end

underperforming. 2s30s has traded up 5bps.

- The Euribor futures strip is flat in the whites and off 1.5-2.0 ticks in

greens/blues.

- The euro has benefitted from a softer dollar, but the morning rally petered

out by mid morning.