EGBs are a little lower as a volatile...>

EGB SUMMARY: EGBs are a little lower as a volatile week comes to a close.

- Bunds have been choppy all day, sinking to session lows following US GDP data

headline beat, but jumped as underlying data eyed.

- Ultimately core EGBs look like closing slightly up, with German curve trading

mixed: 2-Yr yield up 1.1bps at -0.749%, 5-Yr up 0.3bps at -0.669%, 10-Yr down

1.1bps at -0.374%, and 30-Yr down 2.8bps at 0.213%.

- The Euribor strip is up by 2.5-3.0 ticks, beyond the White contracts.

- Periphery spreads a little wider; Italy/Spain/Portugal/Greece 10-Yrs out

between 0.2-2.1bps to Bunds.

- Issuance set to be sizeable next week: Germany, France, Italy and Spain will

come to market with combined issuance of around E24bln.

- No ECB speakers announced in bank's week-ahead schedule; very light week for

data in general coming up. Latest futures prices:

* Sep Bund futures (RX) up 11 ticks at 174.12 (L: 173.92 / H: 174.29)

* Sep BTP futures (IK) down 40 ticks at 139.58 (L: 139.28 / H: 140.4)

* Sep OAT futures (OA) up 15 ticks at 166.42 (L: 166.17 / H: 166.59)