/EGBs-GILTS CASH CLOSE: Gains in EGBs and.....>

BONDS: /EGBs-GILTS CASH CLOSE: Gains in EGBs and Gilts were pretty relentless

through the afternoon, closing strong. No particular catalyst but US yields

appeared to be leading the way lower in the European afternoon. Solid bull

flattening going into the long UK weekend.

- Periphery EGB spreads a little choppier though, little changed on the day;

Greece underperforming. Final cash session levels:

* Germany: The 2-Yr yield is down 1.3bps at -0.758%, 5-Yr is down 2.9bps at

-0.747%, 10-Yr is down 4bps at -0.547%, and 30-Yr is down 2.9bps at -0.087%.

* UK: The 2-Yr yield is down 1.5bps at -0.007%, 5-Yr is down 1.1bps at 0.069%,

10-Yr is up 0.3bps at 0.234%, and 30-Yr is down 0.4bps at 0.557%.

Current 10-Yr EGB Periphery Spreads to Bunds:

* Italy / German 10-Yr spread 1.8bps tighter at 246.4bps

* Spain / German 10-Yr spread 0.6bps wider at 136.6bps

* Portugal / German 10-Yr spread 1bps wider at 149bps

* Greece / German 10-Yr spread 5.4bps wider at 275.5bps