/EGBs-GILTS CASH CLOSE: BTPs underperformed...>

BONDS: /EGBs-GILTS CASH CLOSE: BTPs underperformed Friday, while Bunds and Gilts

fell short of regaining the ground lost mid-week.

- Not much newsflow to pin the price action on, with cues largely being taken

from weakening equities (FTSE underperformed, -1.2%; Eurostoxx 50 off 0.8%).

** Closing cash levels:

* Germany: The 2-Yr yield is down 0.3bps at -0.683%, 5-Yr is down 0.4bps at

-0.679%, 10-Yr is down 0.4bps at -0.432%, and 30-Yr is down 0.1bps at 0.029%.

* UK: The 2-Yr yield is up 1.2bps at -0.08%, 5-Yr is up 1.1bps at -0.039%, 10-Yr

is up 0.2bps at 0.188%, and 30-Yr is up 0.1bps at 0.651%.

** 10-Yr Periphery EGB Spreads:

* Italian BTPs vs Bunds up 4.8bps at 168.7bps

* Spanish bonds vs Bunds down 0.2bps at 87.8bps

* Portuguese PGBs vs Bunds down 0.5bps at 86.3bps

* Greek bonds vs Bunds down 1.5bps at 159.1bps