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The continued escalation in US-Iran....>

BOND SUMMARY
BOND SUMMARY: The continued escalation in US-Iran tensions over the weekend has
dominated the news flow and underpinned the bid in oil.
- USTs have traded slightly firmer this morning. Cash yields: 2-year 1.525%,
5-year 1.583%, 10-year 1.781%, 30-year 2.240%.
- UK PM Boris Johnson is due to host EC President Ursula Von Der Leyen in
Downing Street this week to begin discussions on Britain's future trade with
Europe. 
- Gilts have started the session on a weak footing with the 2-year
underperforming the curve. 
- The euro area final PMI prints for December were in-line to a touch better
than expected.
- German bunds trade close to unch on the day.
- Current French OAT yields: 2-year -0.614%, 5-year -0.385%, 10-year 0.016%,
30-year 0.833%.
- The Italian BTP curve has flattened slightly with 2s10s narrowing 2bp.
- The final US services and composite PMI data will be published at 1445GMT.

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