EGB/Gilt: It has been a very busy......>

BOND SUMMARY: EGB/Gilt: It has been a very busy day for Eurozone data this

morning with the general tone pointing to slightly better than expected

releases. German regional CPI prints are pointing to a 0.1ppt rise in the

national print later (against expectations of an unch M/M print), Spanish HICP

was two tenths higher than expected while the first print of French GDP came in

a tenth higher than expected at 0.3% Q/Q. Bunds troughed on the release of

Saxony CPI, the first regional German print but have since retraced their losses

of the day and now sit marginally higher on the day.

- Following the confirmation last night that the UK would hold a General

Election on December 12, gilts opened a little lower but had moved back to

yesterday's settlement level within about half an hour. Since then gilts have

traded in a narrow range with yesterday's close providing a floor so far.

- Bund futures are up 0.11 today at 171.15 with BTP futures down -0.09 at 143.80

and OAT futures up 0.07 at 167.83.

- Gilt futures are up 0.16 today at 131.99 with 10y yields down -1.1bp at 0.697%

and 2y yields down -0.6bp at 0.529%.