European Fixed Income Summary:

European Fixed Income Summary: EGBs are been supported during the PM session, with peripherals outperforming as investors gained confidence in ongoing central bank support and officials measures to prevent contagion from Evergrande in China. Comments from ECB's Muller, who confirmed that officials will be debating whether and how to strengthen APP programs to avoid a cliff-edge scenario if and when PEPP is phased out helped to underpin sentiment and saw Eurozone spreads narrowing as investors wait for the FOMC announcement. As of 14:16GMT Bund and Gilt yields were down -1.0 bp at -0.33% and 0.796% respectively. The Italian 10-year rate had corrected -3.6 bp to 0.66%. Curves flattened as the long end outperformed. Stock markets meanwhile were supported and extended gains in the afternoon, leaving DAX and FTSE 100 up 0.9% and 1.5% respectively.