/EGBs-GILTS CASH CLOSE: Most instruments......>

BONDS: /EGBs-GILTS CASH CLOSE: Most instruments have been pretty rangebound all

afternoon, following big moves after the bombshell German constitutional court

decision this morning. BTPs bore the brunt, with Gilts/Bunds holding gains,

despite equities touching session highs in the afternoon.

- Much attention will be on the ECB Governing Council's non-policy meeting at

1700BST/1800CET at which the court decision will be discussed. Closing levels:

* Germany: 2-Yr yield is down 3.1bps at -0.783%, 5-Yr is down 1.3bps at -0.766%,

10-Yr is down 1bps at -0.573%, and 30-Yr is up 0.6bps at -0.127%.

* UK: 2-Yr yield is down 1.2bps at 0.019%, 5-Yr is down 1.1bps at 0.079%, 10-Yr

is down 1.5bps at 0.216%, and 30-Yr is down 0.9bps at 0.561%.

- Periphery EGB 10-Yr spreads:

* Italian BTPs vs Bunds is up 11.5bps at 244.5bps

* Spanish bonds vs Bunds is is up 3.7bps at 135.9bps

* Portuguese PGBs vs Bunds is is up 4.8bps at 147.3bps

* Greek bonds vs Bunds is is up 4.7bps at 278.4bps