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EGB SUMMARY
EGB SUMMARY: The Dec-17 contract of the 10Y Bund is sliding lower despite softer
Eurozone HICP data as Eurozone growth comes in better than expected. The 10Y
Bund yield is currently 1.3bp higher trading at 0.380%.
- The Eurozone flash HICP dropped to 1.4% Y/Y in Oct vs 1.5% Y/Y in Sep below
MNI forecast for 1.5% Y/Y. While Eurozone first estimate of Q3 GDP 0.6% Q/Q vs
0.5% Q/Q.  
- There were some EGB swap and option flows this morning with a E70.6k DV01
5Y-7Y-10Y swap fly at -9.5bps with the paper receiving the belly. 
- Markets await to hear from former Catalan President Carles Puigdemont from
Brussels at 1130GMT as rumors circulate that he is planning on applying for
asylum in Belgium. The Bund-Bonos spread is 2.9bp tighter at 110.0bp.
- Other peripheral markets are trading tighter likely underpinned by comments
made ECB Visco who said that QE may be reinforced if inflation target not met.  

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