/EGBs-GILTS CASH CLOSE: It has taken....>

EGB SUMMARY: /EGBs-GILTS CASH CLOSE: It has taken some time for EGB markets to

fully digest the ECB decision, but after oscillating wildly at day's highs then

day's lows, BTP spreads closed up sharply. Greece widened too, but Spain and

Portugal came out largely unscathed. 

- Meanwhile the German and UK curves benefited from the safe-haven bid. Overall,

core Europe FI looks to have benefited from month-end rebalancing as well.

- Reminder that Eurozone bond markets are closed Friday. ** Latest levels:

* Germany: The 2-Yr yield is down 1.1bps at -0.717%, 5-Yr is down 1.1bps at

-0.682%, 10-Yr is down 1.3bps at -0.508%, and 30-Yr is down 0.6bps at -0.092%.

* UK: The 2-Yr yield is down 2bps at 0.032%, 5-Yr is down 2.1bps at 0.129%,

10-Yr is down 1.5bps at 0.27%, and 30-Yr is down 2bps at 0.605%.

Current 10-Yr EGB Periphery Spreads to Bunds:

* Italy / German 10-Yr spread 9.8bps wider at 234.9bps

* Spain / German 10-Yr spread 1.5bps wider at 130.9bps

* Portugal / German 10-Yr spread 0.5bps wider at 140.3bps

* Greece / German 10-Yr spread 7.2bps wider at 275.1bps