Global bonds are recovering from.......>

BOND SUMMARY: Global bonds are recovering from weakness in early trading Friday,

alongside a tentative stabilisation in equities following two days of routs.

- The US Dec 18 T-Note future is down 9/32 at 118-35, having weakened steadily

in overnight trading to hit low of 118-00 before rebounding. Curve slightly

steeper, 2-Yr yield up 1.7bps at 2.8652%, and 10-Yr up 1.9bps at 3.1688%.

- JGBs are slightly higher, Dec18 future up 2 ticks at 150.14.

- Eurozone IP grew by 1% m/m in August- above the median estimate of 0.4%

significantly, though this did not have a major impact on EGBs. The Dec 18 Bund

future is down 12 ticks at 158.23, having traded in a range of 157.95-158.26.

- Italian BTPs are a stronger as risk appetite has revived; Dec 18 future up 44

ticks at 120.23.

- Short Stg strip up 1.0-2.0 ticks; Eurodollars off 3.0-4.0 from Reds onward.

- Key data for rest of day includes US import/export price data crosses at

1230GMT, followed by UMich confidence survey for October.

- Central bank speakers due today include Fed's Evans and Bostic and ECB's

Draghi appears at the IMF conference in Bali Saturday.