Core EGBs have weakened early Friday....>

EGB SUMMARY: Core EGBs have weakened early Friday alongside a Eurostoxx rebound

from Thursday`s rout, with BTPs outperforming the EGB space.

- The Mar 19 Bund future is down 16 ticks at 163.39, having traded in a range of

163.23-163.46. The 2-Yr yield is up 1.1bps at -0.611%, 5-Yr is up 0.4bps at

-0.316%, 10-Yr is up 0.2bps at 0.238%, and 30-Yr is up 0.4bps at 0.881%.

- Mar 19 BTP futures up 31 ticks at 123.17, having traded in a range of

122.61-123.17 thus far. 10-Yrs outperforming, yield down 4.6bps at 3.156%;

spread vs Bunds down 4.9bps at 291.7bps.

- Other peripheries lagging BTPs: 10-Yr Spain to Bunds narrower by 1.3bps at

121.2bps; Portugal down 1bps at 156.6bps; Greece wider by 0.6bps at 402.8bps.

- Overnight news saw La Stampa report that PM Conte and 5-Star wanted Fin Min

Tria to resign; this was ;ater denied by Deputy PM Di Maio.

- ECB Coeure speaking now on Cyber resilience (no monpol implications seen).

- Data out this morning saw German Industrial production miss expectations,

while France beat; Eurozone Q3 GDP second reading out at 1000GMT, expected to

remain unchanged at 0.2% Q/Q.