GILTS/EGB: Poor German PMI data,.......>

BOND SUMMARY: GILTS/EGB: Poor German PMI data, coupled with better than expected

French PMI data this morning has seen spreads Vs Bunds narrow. 

- The Mar-19 Bund future is trading down 29 ticks at 166.22, having traded in a

range of 166.13-166.67 today. The 2yr Bund yield trades at -0.55%, 5yr at

-0.33%, and 10yr at 0.12%.

- The Mar-19 BTP future is trading up 59 ticks at day's highs of 127.87. Yields

are lower across the BTP curve with bull flattening in the 2s10s section. The

2yr BTP yield trades at 0.441%, 5yr at 1.765%, and 10yr at 2.8%.

- Periphery 10yr spreads Vs Bunds have narrowed: BTPs down 7.9bps at 268.1bps,

SPGB down 2.5bps at 107.5bps, PGBs down 3.3bps at 138.6bps. 

- The Mar-19 Gilt future is currently trading 11 ticks down at 123.86, having

traded in a range of 123.7-123.95 today. 

- Gilts rallied earlier after a strong 30yr auction before retracing all gains,

but have since found support from Reuters headlines saying 'Brexit deal next

week unlikely'.

- 2yr yield trades at 0.755%, 5yr at 0.857%, and 10yr at 1.199%.