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Renewed risk off flow have today seen...>

EGB SUMMARY: Renewed risk off flow have today seen core EGBs make gains whilst
the peripheries have struggled for direction.
- The Dec 18 Bund future is up 24 ticks at 158.77, having traded in a range of
158.57-158.87 today.
- There has been moderate flattening across the Bund curve where the 2-Yr yield
is down 0.8bps at -0.568%, 5-Yr down 1.2bps at -0.108%, 10-Yr down 1.2bps at
0.486%, and 30-Yr down 1.5bps at 1.109%. 
- Italian BTPs have gained 8 ticks today, but are well below the peak of their
daily range of 119.68-120.49. 
- The BTP curve has also seen flattening throughout, like much of Europe across
the last 3-months. The 2-Yr yield is up 0.6bps at 1.487%, 5-Yr down 1.2bps at
2.831%, 10-Yr down 1.7bps at 3.56%, and 30-Yr down 2bps at 3.967%.
- Spanish bonds have been the days underperformer, their 10-yr spread Vs Bunds
is up 0.7bps at 118.5bps.   

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