US President Donald Trump has..........>

BOND SUMMARY: US President Donald Trump has indicated that he would be amenable

to extending the March 1 deadline that will trigger a rise in tariffs on Chinese

imports, fuelling the improving sentiment towards global trade. 

- The prospect of a no-deal Brexit has moved down a notch after the UK's chief

Brexit negotiator Olly Robbins was overheard saying that PM Theresa May would

push for her deal or a delay. 

- Longer-end UST yields have inched lower by 1-2bps with the curve flattening

slightly. The 2s30s spread has narrowed to 50.7bps from 51.7bps.

- JGB futures trade at 152.70 near the top of the morning range.

- The German bund curve flattened on the back of the long-end outperforming.

2s10s and 2s30s are 2-3bps flatter.

- It has been a lively start for Italian BTPs with yields down 3-9bps and the

very long-end lagging the sell-off. 

- UK gilts trade stronger this morning with yields ~0.5-1.5bps lower on the day.

- Euro$ futures are 0.5-3.0 ticks lower with reds/greens underperforming.

Euribor futures are broadly flat/0.5 ticks lower.