- US Treasury yields have ticked.......>

BOND SUMMARY: - US Treasury yields have ticked higher across the curve. The

benchmark 10-year trades at 2.948% up from 2.931%. 

- JGBs are little changed on the day. Key levels: 2-year -0.117%, 10-year

0.105%, 30-year 0.828%

- The German bund curve has steepened this morning on the back of the longer end

selling off. The 2s10s spread has traded up to 95.2bpss from 93.8bps. The ZEW

survey for September came in better than expected.

- The short end of the French OAT curve has lacked direction, while the longer

end has underperformed. The 10-year benchmark trades at 0.720% up from 0.707%.

- Yesterday's BTP rally has lost momentum, although the curve has steepened

slightly. The 2s30s spread has pushed up to 280.7bps from a low of 276.5bps.

- Gilts have traded sideways since the open. The employment report was mixed

with weaker than expected job gains alongside stronger earnings.

- Euro$ futures are 1.0-2.5 ticks lower, while Euribor futures are flat to 1.5

ticks lower.