Both Bunds and peripheral spreads.......>

EGB SUMMARY: Both Bunds and peripheral spreads have traded in a fairly tight

range today. Bunds and spreads initially moved lower through the morning session

before moving higher ahead of the close.

- The morning saw some better than expected German trade data and French labour

market data but disappointing French IP and Italian IP and retail sales.

- Yields on Bobls hit their lowest levels since April 2017 intraday yesterday

but have managed to remain around the -0.47% level through most of the day.

- Bund 10y yields down -0.1bp today at -0.49%

- Schatz yields up 0.8bp today at -0.625%

- OAT 10y yields unch today at 0.343%

- BTP 10y yields down -0.1bp today at 2.680%

- BTP 2y yields down -0.1bp today at 0.596%

- Most other spreads are a little tighter or largely unch on the day. The

exception is Ireland where spreads are a little wider following yesterday's 30y

syndication.

- The Euribor strip is mostly unch on the day.