Core EGBs have remained steady..........>

EGB SUMMARY: Core EGBs have remained steady throughout the day. Eurozone

inflation data did little to move markets, which appear to be awaiting further

developments on Brexit.   

- The Dec 18 Bund future is down 16 ticks at 160.65, having traded in the tight

range of 160.54-160.73 today.

- The 2-Yr yield has outperformed the German curve, down 0.2bps at -0.592%, with

the 5-Yr yield up 0.6bps at -0.229% and the 10-Yr yield up 0.8bps at 0.368%.

- With few developments in Italy's budget standoff with Brussels, the Dec 18 BTP

future is up 50 ticks at 121.84, having traded in a range of 121.32-122.15. 

- Yields have fallen across the BTP curve. The 2-Yr yield is down 7.2bps at

1.29, with 2s10s bull steepening marginally by 2.2bps.

- Eurozone 10-Year EGB periphery spreads have fallen as the Bund has

underperformed. 10-Yr Italian BTPs vs Bunds are down 5.8049bps at 307.5bps,

10-Yr Spanish bonds vs Bunds are down 1.4bps at 125.7bps and 10-Yr Portuguese

PGBs vs Bunds are down 1.2bps at 159.7bps.

- Bundesbank head Jens Weidmann speaking at 1300GMT.