EGBs have drifted lower over the........>

EGB SUMMARY: EGBs have drifted lower over the course of Friday, with a few sharp

headline/data-related movements along the way.

- The Jun 19 Bund future is down 13 ticks at 164.41, near bottom end of intraday

range of 164.31-164.74. The 2-Yr yield is up 1.3bps at -0.534%, 5-Yr is up 2bps

at -0.348%, 10-Yr is up 0.3bps at 0.07%, and 30-Yr is down 1.8bps at 0.712%.

- Bunds rallied on poor headline US nonfarm payroll numbers at 1330GMT, but the

negativity surrounding the number was quickly faded (possible one-off factors,

strong average hourly earnings, etc).

- BTP futures likewise down slightly on the day, by 7 ticks at 129.16. Weakness

concentrated at short-end of the curve, with 2-Yr yield up 6.3bps at 0.151%,

10-Yr is up 3.6bps at 2.505%. 10-Yr spread vs Bunds up 3.4bps at 243.6bps.

- Spanish and Portuguese spreads up under 0.5bps; Greece 5.1bps wider.

- Weekend attention likely to be paid to Brexit headlines ahead of UK`s votes

next week, and possibly noise in Rome around a 5-Star/League schism over a

planned Alpine tunnel between Italy and France.

- S&P rates Cyprus after U.S. markets close Friday.