Core EGBs have been boosted Wednesday...>

EGB SUMMARY: Core EGBs have been boosted Wednesday by poor German equity

performance and a renewal of Brexit uncertainty, with the U.S. Fed up next.

- The Jun 19 Bund future is up 22 ticks at 164.18, having traded in a range of

163.84-164.20. This comes alongside the DAX shedding 1.4% on bad corporate news

for German giants BMW and Bayer.

- The 2-Yr German yield is unchanged at -0.528%, but 5-Yr is down 0.5bps at

-0.329%, 10-Yr is down 1.2bps at 0.085%, and 30-Yr is down 1.3bps at 0.739%.

- Meanwhile, BTPs are weaker but have clawed back early losses. The Jun 19 BTP

future is down 18 ticks at 129.16, but that is up 49 ticks from the low

(128.67). Belly faring worst, 5-Yr yield up 2.7bps at 1.469%.

- Periphery spreads wider across the board. 10-Yr BTPs 2.1bps wider, Spain out

0.5bps, Portugal 2.6bps, Greece 4.4bps.

- Up to total E15.5 bln of Spanish and French nominal/linker supply Thursday.

- UK Article 50 extension still uncertain; news eports suggest decision may not

be made until next week with a possible extraordinary EU summit on March 28.

- U.S. FOMC decision takes centre stage at 1800GMT.