It has been a busy day in EGBs with.....>

EGB SUMMARY: It has been a busy day in EGBs with decent moves seen off the back

of this morning's PMIs. The French PMIs set the tone for the day coming in

stronger than expected. Bunds continued to move lower until the release of the

pan-Eurozone PMI data which showed that outside of France and Germany, services

business activity fell to its lowest level for 5 and a half years while

manufacturing output fell for the first time in six years. On the back of this

data, some of the earlier losses were retraced and Bunds have remained steady

over the past couple of hours.

- Bund futures are down -0.42 today at 172.22 with 10y Bund yields up 2.7bp at

-0.293% and Schatz yields up 1.7bp at -0.746%.

- BTP futures are up 0.15 today at 133.95 with 10y yields down -2.5bp at 2.117%

and 2y yields up 0.5bp at 0.216%.

- OAT futures are down -0.40 today at 164.20 with 10y yields up 3.0bp at 0.041%

and 2y yields up 1.6bp at -0.664%.