/EGBs-GILTS CASH CLOSE: Periphery spreads.....>

BONDS: /EGBs-GILTS CASH CLOSE: Periphery spreads will end the week a little

tighter than they began them, with Bund and Gilt yields almost exactly where

they finished last week. Weakness this afternoon in Gilts has been the most

notable move, 10-Yr ylds erasing the gains of the day and the preceding two

sessions.

- Greece has outperformed in the periphery this week; Italy lagged.

** Closing levels on the day:

* Germany: The 2-Yr yield is up 0.1bps at -0.741%, 5-Yr is up 0.9bps at -0.734%,

10-Yr is up 0.7bps at -0.536%, and 30-Yr is up 0.7bps at -0.103%.

* UK: The 2-Yr yield is up 1.8bps at -0.01%, 5-Yr is up 2.1bps at 0.07%, 10-Yr

is up 1.7bps at 0.221%, and 30-Yr is up 2.1bps at 0.603%.

10-Yr EGB Periphery Spreads to Bunds (and change today):

* Italy / German 10-Yr spread 3.4bps wider at 239.4bps

* Spain / German 10-Yr spread 1.5bps wider at 129.1bps

* Portugal / German 10-Yr spread 0.7bps wider at 141bps

* Greece / German 10-Yr spread 0.8bps tighter at 259.8bps