EGBs are trading in fairly subdued......>

EGB SUMMARY: EGBs are trading in fairly subdued fashion early Friday, with

Eurozone inflation data and the outcome of the G20 summit anticipated.

- The Dec 18 Bund future is down 3 ticks at 161.38, trading within a 12-tick

range so far.

- Little movement in German curve, 2-Yr yield down 0.2bps at -0.599%, 5-is down

0.1bps at -0.264%, 10-Yr down 0.2bps at 0.319%, and 30-Yr down 0.6bps at 0.992%.

- BTPs trading a little weaker, with Dec 18 futures down 24 ticks at 124.44.

Earlier saw a high of 124.89, with early headlines that PM Conte met EC's

Moscovici Thursday and will meet with EC's Juncker at the G20; several headlines

pointing to Rome eyeing a drop in the deficit target to 2% of GDP.

- Morning's highlight is flash Nov EMU inflation at 1000GMT; is anticipated to

fall below the 2.2% y/y reading in October to 2.1%. Core y/y rate however is

expected to remain unchanged from October's reading of 1.1%.

- EMU unemployment (also 1000GMT) is expected to drop 0.1pp to 8.0% m/m in

November. The 8.1% reading in October was a near 10 year low.

- ECB Mersh speaks in Rome at 1000GMT; Coeure at 1245GMT.