- There has been limited movement in...>

BOND SUMMARY: - There has been limited movement in US TSYs this morning. Current

yields: 2-year 2.831%, 10-year 3.057%, 30-year 3.311%.

- JGBs are similarly holding in a tight range. The Dec 18 JGB future trades at

151.12 off the morning high of 151.15.

- German bund yields have broadly drifted higher. The 2-year benchmark trades at

-0.583% up from a low of -0.5898%, while the 10-year is up to 0.348% from

0.329%.

- French OATs have sold off slightly and the curve has steepened. The 2s30s

spread has traded up to 210.1bps from a low of 208.4bps.

- Trading ranges for Italian BTPs are narrower than in recent days. The curve

has flattened since the open, with the 2s10s spread edging down to 239.3bps from

a high of 243.7bps.

- The long end of the Spanish sovereign curve has rallied with the 10-year yield

trading at 1.531% down from a high of 1.558%.

- Euribor futures are broadly 0.5-1.5 ticks higher.