- US TSY yields have pushed lower......>

BOND SUMMARY: - US TSY yields have pushed lower with the 10-year benchmark

trading at 3.048% down from 3.086%.

- JGB key levels: 2-year -0.125%, 5-year -0.076%, 10-year 0.120%, 30-year 0.907%

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

rallying. The 10-year bund trades at a yield of 0.418% down from 0.459%, with

the 2s10s spread narrowing to 98.5bps from 100.97bps.

- French OATs have rallied with the longer end outperforming. The benchmark

10-year OAT trades at 0.776% down from 0.822% and the 2s10s spread has traded

down to 115.99bps from 119.45bps.  

- Italian BTPs have sold off across the curve. The 2-year BTP trades at a yield

of 1.485% from a low of 1.353%

- The longer end of the gilt curve has rallied with the 10-year yield trading

down to 1.533% from 1.571%.

- Euro$ futures are 1.5-3.5 ticks higher. The Euribor futures strip has

flattened with whites down 0.5-1.0 ticks and greens/blues up 3.0-4.5 ticks.