Bunds look set to hang on to most of....>

EGB SUMMARY: Bunds look set to hang on to most of their gains this week, with

periphery EGBs fading toward the finish line Friday.

- The Jun 19 Bund future is down 4 ticks at 166.35,  rebounding from deeper

losses earlier (low 166.02) following the failed UK Brexit withdrawal vote at

1430GMT.

- Steepening on the curve, with 2-Yr yield down 1.2bps at -0.602%, 5-Yr down

0.9bps at -0.447%, 10-Yr unchanged at -0.069%, and 30-Yr up 2.1bps at 0.574%.

- The Jun 19 BTP future is down 7 ticks at 129.53, with cash yields trading

mixed: 2-Yr yield down 0.2bps at 0.23%, 10-Yr is down 0.5bps at 2.48%.

- Periphery spreads down across the board, with Portugal and Greece

outperforming, 10-Yrs down 2.3bps and 4.2bps respectively vs Bunds.

- Next week opens with a fair bit of data (EZ flash Inflation and PMIs Monday),

though EGB supply will have to wait until Thursday (France and Spain).

- That is, notwithstanding planned EFSF issuance.

- Moody`s reviews Cyprus after market close today.