It has been an eventful session for.....>

EGB SUMMARY: It has been an eventful session for EGBs, following the German

court ruling on PSPP. -Safe Haven are back in vogue, at least for today with

investors flooding in, in search of yields. The German Court decision on PSPP,

and also German advisers, warning of significant risk of a new EU crisis, has

triggered decent buying, with way above average volumes across the German curve.

-The stand out contract was the Schatz (2year), with volumes running at over

260% above average. 

-Bund, did drift a little and are off its highs, following a New Mandate from

the Federal Republic of Germany with a 15y Benchmark. -Peripherals, saw further

Bund/BTP widening of the spread, which is now sitting 12.3bps wider at 245. 

-ALL EYES and ears will be at 17.00BST, when the ECB is due to discuss the

German court ruling.

- Bund futures are up 0.20 today at 174.24 with BTP futures down -1.72 at 137.07

and OAT futures unch at 168.14.