Treasuries are weaker while Bunds......>

BOND SUMMARY: Treasuries are weaker while Bunds are stronger, as ECB and BOE

meetings await.

- The US Tsy curve is slightly steeper, with 2-Yr yields up 0.4bps at 2.7524%

and 10-Yr up 0.6bps at 2.968%.

- Bunds are a little stronger, with the curve bull steepening, 2-Yr yields down

0.8bps at -0.553%, and 10-Yr down 0.2bps at 0.409%.

- Cash JGBs are flat, with the Dec18 future static at 150.29 in a sedate session

overnight across the curve.

- Italy 10-year BTP yield spread is 3.5bps higher to Bunds at +257bps post

3-/7-/30-year BTP auctions. Once again, political headlines dominating, with Fin

Min Tria's future the subject of speculation.

- Dec18 Gilt future is off 4 ticks at 121.84, BOE decision out at 1200BST.

- Main events today include ECB and BOE meetings; no change expected at either,

but see MNI POVs earlier today for things to watch, including a potential 'final

decision' on tapering/ending QE.

- Euribor/Sht Sterling largely flat, though Eurodollars off 1.0-2.0 ticks.