- US treasury yields have ticked.......>

BOND SUMMARY: - US treasury yields have ticked higher this morning. Key levels:

2-year 2.604%, 5-year 2.711%, 10-year 2.821%, 30-year 2.980%.

- JGBs have been trading in a tight range. 

- German bunds have sold off slightly this morning. The 2-year yield has edged

up to -0.594% from -0.606%, while the 10-year trades at 0.345% and has been

volatile since the open.

- French OATs have lacked direction. 2-year OAT yields have traded within a

-0.432%/-0.420% range and the 10-year within a 0.671%/0.683% range.

- The Italian BTP curve has steepened with the 2s10s spread trading up to

195.7bps from 188.9bps and the 2s30s up to 258.5bps from 251.8bps.

- Gilts are little changed since the open. The government is due to release a

tranche of Brexit impact papers today, expected sometime after 1100BST. 

- The Euribor futures strip is flat. Euro$ are down 0.5-1.0 ticks.