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/EGBs-GILTS CASH CLOSE: Bunds and Gilts.......>

BONDS
BONDS: /EGBs-GILTS CASH CLOSE: Bunds and Gilts reversed sharply in late
afternoon trading, with yields rising to session highs after falling for most of
the day. Most of the move occurred around 1600BST, with some citing month-end
flows as a catalyst. Meanwhile, periphery spreads narrowed steadily for most of
the day, with a strong Italian BTP auction in the morning setting the tone. **
Closing levels:
* Germany: The 2-Yr yield is up 0.4bps at -0.687%, 5-Yr is up 0.6bps at -0.697%,
10-Yr is up 1.6bps at -0.454%, and 30-Yr is up 2.6bps at 0.005%.
* UK: The 2-Yr yield is unchanged at -0.084%, 5-Yr is down 0.3bps at -0.053%,
10-Yr is up 0.9bps at 0.172%, and 30-Yr is up 2.7bps at 0.643%.
10-Yr Periphery EGB Spreads:
* Italian BTPs vs Bunds down 5.6bps at 171.2bps
* Spanish bonds vs Bunds down 1.9bps at 92.1bps
* Portuguese PGBs vs Bunds down 1.5bps at 93bps
* Greek bonds vs Bunds down 6.5bps at 166.8bps

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