Weak Eurozone PMI data is setting......>

BOND SUMMARY: Weak Eurozone PMI data is setting the tone in EGBs, with data for

Germany, France and EMU all disappointing. 

- That will be giving the ECB something to think about ahead of their Dec 13

meeting, with Euribor futures rising: Dec19 (100.19) highest since October 2016.

- UK rate futures up 1-2 ticks; ED$ strip trading mixed but largely subdued.

- The Dec 18 Bund future is up 20 ticks at 160.83, having traded in a range of

160.51-160.90. Meanwhile, BTP futures up 67 ticks at 122.77, with 10-Yr spread

compressing 7.5bps to Bunds at 301.2bps (dipping briefly below 300bps).

- Treasuries awakening slowly from the Thanksgiving slumber, Dec18 T-Note

futures flat at 119-075. 2-Yr yield is up 0.6bps at 2.8198%, 5-Yr is down 0.2bps

at 2.8884%, 10-Yr is down 0.4bps at 3.059%, and 30-Yr is down 0.7bps at 3.3097%.

- Oil is notably down: WTI 2.5% lower at $53.16.

- Japan observes a market holiday today.

- Key releases later US include manuf, services and composite PMI data at

1445GMT. ECB's de Guindos is the sole speaker, expected at midday London time.