A choppy start for European FI,........>

BOND SUMMARY: A choppy start for European FI, which looks more order driven with

very little in term of conviction. Core instruments a little stronger, with

German (E3bln Bund) and Italian (E8.75bln BTP) supply in focus this morning.

- Main point of interest data-wise is UK inflation data at 0930GMT; Eurozone

industrial production at 1000GMT of more modest note.

** Latest levels:

* Dec Bund futures (RX) up 30 ticks at 169.84 (L: 169.67 / H: 169.94)

* Germany: The 2-Yr yield is up 1.1bps at -0.612%, 5-Yr is down 0.7bps at

-0.532%, 10-Yr is down 1.3bps at -0.265%, and 30-Yr is down 2.2bps at 0.257%.

* Dec Gilt futures (G) up 17 ticks at 130.95 (L: 130.86 / H: 131.07)

* UK: The 2-Yr yield is down 0.1bps at 0.56%, 5-Yr is down 0.3bps at 0.558%,

10-Yr is down 1.1bps at 0.795%, and 30-Yr is down 1.2bps at 1.303%.

* Dec BTP futures (IK) down 8 ticks at 141.49 (L: 141.34 / H: 141.6)

* Italy / German 10-Yr spread 2bps wider at 148.9bps

* Dec OAT futures (OA) up 32 ticks at 166.5 (L: 166.3 / H: 166.53)