UK part of the curve led Global........>

BOND SUMMARY: UK part of the curve led Global Bonds higher in early trading..

-The day started with European Commission President Jean-Claude Juncker saying

that the risk of a no-deal Brexit on Oct. 31 is now "palpable".

-This drove Gilts higher and the Pound lower.

-Gilt upside momentum gathered further traction on the lower UK CPI reading,

with the contract up 44 ticks, having traded 132.47 high.

-EGB's and particularly the Bund traded higher and through -0.5% in yield,

equating 173.22 in futures term. The contract is trading 173.27 at the time of

typing.,

-EC CPI MoM coming in 1 tenth lower, keeping Bund underpinned.

-BTP and peripherals are better bid inline with other Global bonds, and spreads

are pretty much flat against the German 10yr, albeit with Greece best performer,

5.4bps tighter at 189.3.

-US Treasuries are better bid, helping by European government Bond, and likely

positioning ahead of the awaited FOMC.

-US Equities are a touch in red territory, keeping Tnotes better bid.