- There has been limited movement in...>

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

2-year 2.833%, 10-year 3.054%, 30-year 3.312%.

- JGB yields have inched higher. The benchmark 10-year yield trades at 0.095% up

from a low of 0.083%. The Dec-18 JGB future trades at 151.00 off a morning high

of 151.03.

- German bunds have rallied since the open with little overall movement in the

curve. The 2-year yield trades at -0.592% down from a high of -0.583%, while the

10-year is down to 0.337% from 0.348%.

- The French curve has flattened on the back of the short-end selling off and

the long-end rallying. The 2s10s spread has traded down to 115.3bps from

116.9bps.

-  Italian BTPs have rallied, with price action relatively subdued compared to

recent extremes. The 2-year BTP yield has pushed down to 0.842% from 0.901%.

-   Gilts have rallied with yields broadly down 2pp, albeit without any

significant Brexit-related developments. The 30-year, meanwhile, has sold off.

-  Euro$ are flat/0.5 ticks higher. The Euribor strip is flat/1.0 ticks higher.