/EGBs-GILTS CASH CLOSE: Biggest rally for.....>

BONDS: /EGBs-GILTS CASH CLOSE: Biggest rally for core FI since Mar/April on Fed

dovishness, rumblings of snap elections in France and mounting fears of a 2nd

COVID Wave. Bull flattening in Bunds and Gilts as long end leads the way.

Periphery EGB spreads a little wider after narrowing earlier in the session.

** Closing cash levels:

* Germany: The 2-Yr yield is down 3.4bps at -0.649%, 5-Yr is down 6.5bps at

-0.632%, 10-Yr is down 8.3bps at -0.414%, and 30-Yr is down 8.9bps at 0.063%.

* UK: The 2-Yr yield is down 0.6bps at -0.049%, 5-Yr is down 3.3bps at -0.008%,

10-Yr is down 6.9bps at 0.198%, and 30-Yr is down 5.7bps at 0.598%.

** 10-Yr Periphery EGB Spreads:

* Italian BTPs vs Bunds up 3.1bps at 191.3bps

* Spanish bonds vs Bunds up 3.4bps at 104.2bps

* Portuguese PGBs vs Bunds up 4.2bps at 101.6bps

* Greek bonds vs Bunds up 0.8bps at 174.5bps