/EGBs-GILTS: Core FI has fallen........>

BOND SUMMARY: /EGBs-GILTS: Core FI has fallen sharply off session highs in a

mirror-image of equities bouncing off the lows. No particular catalysts in truth

but watching downside levels on stock indices for indications on risk direction.

- Some final CPIs on the Eurozone data docket; nothing in the U.K.

- ECB economic bulletin out at 0900BST; BOE Gov Bailey speaks at 1130BST.

- In issuance: UK sells GBP3.25bln of 0.625% Jun-25 gilt and GBP2.25bln of 1.25%

Oct-41 gilt; Ireland sells E1.0-1.5bln of 1.10% May-29 and 1.50% May-50.

** Latest levels:

* Jun Bund futures (RX) up 30 ticks at 173.93 (L: 173.56 / H: 174.08)

* Germany: The 2-Yr yield is down 1.5bps at -0.749%, 5-Yr is down 1.5bps at

-0.747%, 10-Yr is down 1.7bps at -0.547%, and 30-Yr is down 1.7bps at -0.112%.

* Jun Gilt futures (G) up 23 ticks at 138.12 (L: 138.02 / H: 138.37)

* UK: The 2-Yr yield is up 0.1bps at -0.03%, 5-Yr is up 0.1bps at 0.048%, 10-Yr

is down 0.7bps at 0.201%, and 30-Yr is down 0.6bps at 0.575%.

* Jun BTP futures (IK) up 15 ticks at 138.51 (L: 138.2 / H: 138.56)

* Italy / German 10-Yr spread 0.5bps tighter at 232.7bps