- UK PM May has just begun speaking.....>

EGB SUMMARY: - UK PM May has just begun speaking on her plan B Brexit deal in

Parliament, saying that she will take the conclusions of the discussion on

Northern Ireland back to Brussels.

- Risk off sentiment has prevailed today with Core EGBs marginally up and

peripheries down, though neither have made major moves. 

- The Mar-19 Bund future is up 9 ticks at 164.16, having traded in a range of

164.04-164.3 today. The curve has traded largely sideways throughout, the 5yr

benchmark the marginal outperformer, yields down 0.6bps at -0.40%. 

- The Mar-19 BTP future is down 28 ticks at 127.71, roughly in the middle of

it's day range. The 2s5s has steepened by 2.2bps lead by underperformance in the

belly. 

- Greek 5yr yields hit 5-month lows with speculation of new bond issuance.

- France allotted E4.99bln in BTFs earlier today with the 12-month maturity

being particularly well bid, 4.06x covered. 

- The world economic forum begins this evening in Davos whilst the ECONFIN

meeting is held tomorrow in Brussels with ECB's De Guindos in attendance.