German fixed income futures have drawn........>

BUNDS: German fixed income futures have drawn support from the broader risk-off

flows apparent in Asia-Pacific trade, with Bunds last 10 ticks higher, Bobls 6

ticks higher and Schatz unchanged. Volumes remain somewhat limited. However,

modest Schatz flow was noted in the early part of the session: DUH9 paper paid

~2.7K over a couple of clips.

- As a reminder the ECB ended its net asset purchases at Thursday's monetary

policy meeting, made slight downward adjustments to its economic growth

forecasts, and indicated that although the risks to the economic outlook are

balanced these risks are shifting to the downside.

- Elsewhere, Italy & the EU are seemingly converging re: budget matters, while

the Bank of France trimmed its GDP outlook for 2018/19 late Thursday.

- Focus today turns to EZ flash PMI data, as well as a plethora of ECB rhetoric.