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/EGBs-GILTS CASH CLOSE: Bunds rallied late....>

BONDS
BONDS: /EGBs-GILTS CASH CLOSE: Bunds rallied late in the afternoon while the
Gilt curve remained largely flat Friday, amid fairly light trading.
- Most German yields returned to lowest levels since May, with the 30-Yr
lagging, and thus the recent bull flattening stalled slightly. Gilts reversed
most weakness seen at midday but yields higher on the session.
- Italian BTPs outperformed. **Closing Cash levels:
* Germany: The 2-Yr yield is down 2.3bps at -0.672%, 5-Yr is down 2.4bps at
-0.656%, 10-Yr is down 2.5bps at -0.439%, and 30-Yr is down 1.9bps at 0.044%.
* UK: The 2-Yr yield is up 1.4bps at -0.035%, 5-Yr is up 1.3bps at 0.005%, 10-Yr
is up 1bps at 0.208%, and 30-Yr is up 1.2bps at 0.61%.
** 10-Yr Periphery EGB Spreads:
* Italian BTPs vs Bunds down 2.7bps at 188.6bps
* Spanish bonds vs Bunds down 0.9bps at 103.3bps
* Portuguese PGBs vs Bunds down 0.7bps at 100.9bps
* Greek bonds vs Bunds down 2.3bps at 172.2bps

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