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Quite an eventful session for EGBs......>

EGB SUMMARY
EGB SUMMARY: Quite an eventful session for EGBs and particularly the Bund
contract overnight. 
-Bund today has faded the whole of the overnight spike, initial;ly driven by the
German tap during our London morning session. 
-This was exacerbated this afternoon on the better "Risk On" flow going into
global equities. 
-Peripherals are mixed, to flat against the German 10. Best performer here is
Greece at 2 bps tighter. 
-EGB's are all off the lows, led by US Tnotes, with likely more position
squaring or short term locking profit 
-The whole street is now fully focused on Trump's speech regarding Iran at
16.00GMT/11.00ET
 - Bund futures are down -0.31 today at 171.81 with BTP futures down -0.16 at
142.62 and OAT futures down -0.20 at 164.13.

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