With little on the data calendar,.......>

EGB SUMMARY: With little on the data calendar, EGBs have had a relatively quiet

session. For the most part yields have not drifted that far from the open.

- The benchmark 2-year bund is trading flat on the day at 0.675%, while the

10-year yield has pushed up to a high of 0.339% from 0.302%, before retreating

to 0.332%.

- The French OAT curve has steepened on the back of short end yields edging

lower and the long end selling off. The 2-year OAT yield traded down to -0.462%

from -0.454% at the open, while the 10-year is trading at 0.7097% from 0.707%.

- Italian BTPs have experienced some of the largest moves. the 2-year BTP yield

has increased to 0.956% from 0.857% at the open, while the 10-year is now

trading at 2.795% from 2.687%.

- The EURIBOR futures strip has flattened slightly with Greens and Blues up

0.5-1.0 ticks.

- All eyes are on the Eurozone CPI flash estimate for June, published Friday.

Spain, Germany and Italy publish preliminary estimates on Thursday.