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

BOND SUMMARY: - US treasury yields have ticked higher with the 10-year benchmark

trading at 2.873% from a morning low of 2.853%.

- JGBs are broadly trading in line with the previous close. Key levels: 2-year

-0.124%, 5-year -0.075%, 10-year 0.109%, 30-year 0.850%.

- The German bund curve has flattened over the past hour. The 2s10s spread has

narrowed to 93.1bps from 94.6bps and the 2s30s has moved down to 160.7bps from

162.3bps.

- The long-end of the French OAT curve has rallied with the 10-year trading at

0.687% down from 0.704% and the 30-year yield edging down to 1.589% from 1.605%.

- The Italian BTP curve has steepened sharply with the 2s30s spread widening to

245.3bps from 233.2bps.

- Gilts have rallied across the board with yields down around 4bps and the curve

relatively flat on the day. 

- The Euro$ futures strip is 0.5-2.0 ticks lower. Euribor futures are flat to

0.5 ticks lower.