It has been a very quiet start to......>

BOND SUMMARY: It has been a very quiet start to the day for fixed income with

the US on holiday for Martin Luther King Day. Today's data calendar has also

been very light with German PPI the highlight, coming in broadly in line with

expectations.

- The week is dominated by a few notable events. The BoJ, Norges Bank and ECB

are all due to meet this week. The ECB is unlikely to make any immediate changes

to its policy but will launch the upcoming framework review. Later on this week,

too, will see the release of the flash PMIs on Friday with the UK PMI in

particular likely to be closely watched ahead of next week's Monetary Policy

Report and rate decision.

- TY1 futures are up 0-2+ today at 129-04.

- Bund futures are down -0.05 today at 171.56 with 10y Bund yields up 0.5bp at

-0.211% and Schatz yields up 0.4bp at -0.591%.

- Gilt futures are down -0.01 today at 133.44 with 10y yields up 0.3bp at 0.634%

and 2y yields up 0.4bp at 0.418%.