/EGBs-GILTS CASH CLOSE: The standout move.....>

BONDS: /EGBs-GILTS CASH CLOSE: The standout move once again has been in the

Eurozone periphery, with Italian yields + spreads falling to new multi-month

lows. Portugal was the outperformer, though.

- In the core FI space, Bunds outperformed Gilts, with the belly the strongest

area in the German curve, and short-end strongest for the UK.

** Latest levels:

* Germany: The 2-Yr yield is up 0.1bps at -0.633%, 5-Yr is down 0.6bps at

-0.612%, 10-Yr is down 0.5bps at -0.419%, and 30-Yr is up 0.2bps at 0.03%.

* UK: The 2-Yr yield is up 0.1bps at -0.022%, 5-Yr is up 1.1bps at 0.013%, 10-Yr

is up 1.7bps at 0.21%, and 30-Yr is up 0.5bps at 0.621%.

- Periphery 10-Yr Spreads:

* Italian BTPs vs Bunds is down 7.2bps at 184.4bps

* Spanish bonds vs Bunds is down 6.1bps at 99.9bps

* Portuguese PGBs vs Bunds is down 8.7bps at 95.9bps

* Greek bonds vs Bunds is down 6.7bps at 193bps