/GILT SUMMARY: There has been limited..........>

EGBS: /GILT SUMMARY: There has been limited reaction in European FI markets to

Fed Chair Jerome Powell's Jackson hole speech this afternoon. Yields have

broadly drifted lower since the early morning sell-off.

- Having sold off early in the session, German bunds are now trading above

yesterday's closing levels. Yields are 1-2bp lower on the day.

- The French OAT curve has steepened with 2s30s widening 5.0bp, largely on the

back of the 2-year yield dropping 3.5bp.

- BTPs have traded sideways since mid-morning. Current yield levels: 2-year

-0.023%, 5-year 0.711%, 10-year 1.293%, 30-year 2.365%.   

- The short-end of the gilt curve has rallied with the 2-year yield 4.3bp lower

and 2s30s widening 5.3bp.