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EGBs/GILTS: Core EGBs and Gilts are....>

BOND SUMMARY
BOND SUMMARY: EGBs/GILTS: Core EGBs and Gilts are pushing a little higher early
Friday, with potential ratings decisions this evening taking attention.
- Limited data today in Europe. ECB's Rehn speaks in Helsinki at 0900BST.
- Politics likely to take centre stage, with the Spanish elections coming up
over the weekend.
- A whole slew of ratings reviews after hours tonight: Italy, Greece, the EFSF,
Slovenia, the Netherlands, France, Sweden, Norway and the UK (2x) are due.
- Italian spreads remain elevated in advance of S&P's review tonight, with some
on sell-side discussing potential for downgrade. 
- 10Yr BTPsm 0.2bps wider of Bunds at 269.9bps (still testing 270bps level).
- Euribor and Short Sterling quiet, up 0.5-1.0 ticks across the strips.
Latest EGB/Gilt futures prices:
* Jun Bund futures (RX) up 16 ticks at 165.85 (L: 165.65 / H: 165.87)
* Jun BTP futures (IK) up 9 ticks at 129.29 (L: 129.14 / H: 129.31)
* Jun OAT futures (OA) up 12 ticks at 162.1 (L: 161.93 / H: 162.13)
* Jun Gilt futures (G) up 14 ticks at 127.76 (L: 127.63 / H: 127.76)

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