- US treasury yields tick lower,.......>

BOND SUMMARY: - US treasury yields tick lower, with the 10-year trading at

2.966% up from 2.975%. 

- German bunds have rallied since the morning. The benchmark 2-year bund yield

has fallen to -0.603% from an intraday high of -0.597%, the 5-year is down to

-0.175% from -0.160% and the 10-year is down to 0.397% from 0.413%. 

- The French OAT curve has steepened since the open with the 2s10s spread

widening to 111.96bps from a low of 110.13% and the 2s30s up to 198.03bps from

195.98bps. 

-  Italian BTP yields dropped sharply shortly after the open, with the short end

pulling back and the longer end trading around the middle of the morning's

range. From a low of 0.771%, the 2-year yield has pushed up to 0.894% and close

to the open. The 10-year yield has traded down to 2.841% from a high of 2.866%

and the 30-year has pushed down to 3.559% from 3.571%.

-  The gilt curve has flattened this morning on the back of short-end yields

rising and the long end rallying. 

- Euro$ are up 0.5-1.5 ticks, Euribor futures broadly up 0.5-1.0 ticks.