EGBs/GILT SUMMARY: A steady decline....>

BOND SUMMARY: EGBs/GILT SUMMARY: A steady decline in Gilts and core EGBs Friday

was interrupted by weak US employment data, but are still set to finish lower.

- The Mar 19 Gilt future is down 43 ticks at 123.3, while equivalent Bund

futures are down 43 ticks at 163.12.

- Some bear steepening in the Gilt curve, with the 2-Yr yield up 0.6bps at

0.746%, 5-Yr up 1.3bps at 0.884%, 10-Yr up 2.6bps at 1.272%; though the 30-Yr is

down 0.5bps at 1.839%.

- Bear flattening in Germany, however: 2-Yr yield up 2.7bps at -0.595%, 5-Yr up

2.1bps at -0.299%, 10-Yr up 2bps at 0.256%, and 30-Yr up 1.5bps at 0.892%.

- BTPs have had a solid day, up Mar19 futures up 49 ticks at 123.35; main

takeaway is that Fin Min Tria denied resigning, and Rome reportedly set to send

a revise budget to the EU by Wednesday.

- EGB periphery tighter to Bunds across the board (10-Yr ES, PT in 2.9bps).

- Moody's reviews the UK's sovereign ratings this evening; main focus will be

the upcoming Parliamentary vote on PM May's withdrawal deal on Tues.

- Italy budget and ECB GC meeting next Thursday the focus in Eurozone next week.