/EGBs-GILTS CASH CLOSE: A mixed day for the...>

BONDS: /EGBs-GILTS CASH CLOSE: A mixed day for the space, in which little in the

way of data / speakers / events in general drove direction. Gilt yields rose

steadily throughout the day, both before and after Chancellor Sunak's Summer

Statement. Bund yields came off until mid-session (10-Yr hitting July lows),

then reversing course. 

- In periphery EGBs, having tightened significantly by 1500BST, Italian spreads

reversed and widened anew, ending cheaper on the day vs Bunds. Closing levels:

* Germany: The 2-Yr yield is up 0.3bps at -0.668%, 5-Yr is up 2.2bps at -0.639%,

10-Yr is down 1.1bps at -0.44%, and 30-Yr is down 2.6bps at -0.009%.

* UK: The 2-Yr yield is down 0.1bps at -0.074%, 5-Yr is down 0.5bps at -0.041%,

10-Yr is up 0.3bps at 0.183%, and 30-Yr is up 1.2bps at 0.644%.

** 10-Yr Periphery EGB Spreads:

* Italian BTP spread up 0.9bps at 164.2bps

* Spanish bond spread down 0.4bps at 85bps

* Portuguese PGB spread up 1.2bps at 84.7bps

* Greek bond spread up 0.3bps at 154.5bps