EGBs are weaker across the board........>

EGB SUMMARY: EGBs are weaker across the board ahead of comments this afternoon

by ECB Pres Draghi.

- Some modest bear steepening in the German curve, with the 2-Yr yield up 0.6bps

at -0.574%, 5-Yr is up 1.6bps at -0.28%, 10-Yr is up 2.3bps at 0.216%, and 30-Yr

is up 2bps at 0.796%.

- EGB futures slightly lower: Mar 19 Bunds is down 25 ticks at 164.82, a tick up

from day's lows; BTP futures down 50 ticks at 128.49, having traded in a range

of 128.37-129.06 thus far.

- Periphery spreads trading mixed, with 10-Yr BTPs 2.2bps wider to Bunds at

247.8bps. Spain tighter by 1bps at 102.8bps; Portugal down 1bps at 144.7bps.

- Greece is coming back to the EGB market this week for the first time since Feb

2017 with syndication of new Apr-24 5-Yr benchmark for a total reported between

E2.0-2.5bln.

- This would be the first Greek 5-Yr sale since exiting bailout.

- Spread of 10-Yr Greek bonds vs Bunds down 3bps at 386.1bps.

- ECB's Draghi speaks at European Parliament in Brussels at 1400GMT.