Core EGBs are relatively flat with......>

EGB SUMMARY: Core EGBs are relatively flat with periphery instruments buoyed by

positive Italian economic news.

- The Mar 19 Bund future is down 1 tick at 165.58.

- The German 2-Yr yield is up 0.6bps at -0.504%, 5-Yr is up 0.4bps at -0.285%,

10-Yr is up 0.6bps at 0.164%, and 30-Yr is up 0.6bps at 0.803%.

- The Mar 19 BTP future is up 31 ticks at 128.73, having traded in a range of

128.16-128.91. Gains have faded since morning showed more positive than expected

Italian Services PMI and GDP data. 

- The Italian 2-Yr yield is down 2.7bps at 0.313%, 5-Yr is down 2.8bps at

1.639%, 10-Yr is down 3.2bps at 2.706%, and 30-Yr is down 0.8bps at 3.652%.

- Spread of 10-Yr BTPs/Bunds is down 3.9bps at 254.1bps; Spain down 2.1bps at

99.4bps; Portugal down 1.4bps at 129.4bps; Greece up 2.8bps at 354.6bps.

- Greece 10-Yr benchmark launched: - EUR 2.5bn size, 12 March 2029, 3.875%

coupon. Decent demand as books closed in excess of E11.8bn.