Gilts and core EGBs are broadly........>

BOND SUMMARY: Gilts and core EGBs are broadly weaker in a risk-on Friday so far,

ahead of US Nonfarm Payrolls.

- The Dec 18 Gilt future is down 29 ticks at 121.95, having traded in a range of

121.83-121.99 today.

- Data across the eurozone showed Italian PMI at 49.2, the lowest for 46 months.

But broader risk-on sentiment broadly remains from the morning. 

- Risk-on sentiment has seen the Dec-18 Bund Future fall 32 ticks to 159.66

having been as low as 159.52 earlier in the day. The 10-Yr yield is up  3.1bps

at 0.43% with the 2s10s curve having bear flattened. 

- Periphery EGB/Bund spreads are down across the board.   

- The Dec-18 BTP Future is trading up 56 ticks at 122.66 after trading in a

range of 122.01-122.93 throughout the day. BTP/Bund 10-Yr spread has narrowed

9.1bps to 289bps. 

- The 2-Yr Spanish yields currently trading at -0.132%, largely flat for the day

having been as high as -0.13% at 0835GMT after the PMI release.