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/EGBs-GILTS CASH CLOSE: A day of range........>

BONDS
BONDS: /EGBs-GILTS CASH CLOSE: A day of range trading for most European
instruments, with the UK curve bear steepening, while Germany's remained flat. 
- BTP spreads underperformed in the periphery, ending 0.9bps wider to 10-Yr
Bunds. This was 8.7bps wider from the lows after initial exuberance (higher
equities, Moody's non-update on Italy's rating/outlook Friday). 
** Closing levels:
* Germany: The 2-Yr yield is up 2.2bps at -0.756%, 5-Yr is up 2bps at -0.735%,
10-Yr is up 1.9bps at -0.518%, and 30-Yr is up 2.2bps at -0.049%.
* UK: The 2-Yr yield is up 1.1bps at 0.005%, 5-Yr is up 1.8bps at 0.088%, 10-Yr
is up 2.9bps at 0.264%, and 30-Yr is up 3.1bps at 0.587%.
Current 10-Yr EGB Periphery Spreads to Bunds:
* Italy / German 10-Yr spread 0.9bps wider at 239.1bps
* Spain / German 10-Yr spread 0.7bps tighter at 132.6bps
* Portugal / German 10-Yr spread 1.3bps tighter at 144.8bps
* Greece / German 10-Yr spread 4.9bps tighter at 268.1bps

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