Global bonds are steadying after.......>

BOND SUMMARY: Global bonds are steadying after gyrations spurred by data/trade

headlines earlier Thursday.

- Treasuries have stabilised after losses in the Asia session, with the Mar 19

T-Note future last down 2.5/32 at 122-025. Low of 122-00 hit after Rtrs sources

story on U.S.-China drafting 6 MOUs on structural issues in their trade talks.

- JGB futures off 3 ticks at 152.87, with Sino-Australian trade tensions

limiting risk appetite generated by stronger equities/U.S.-China trade story.

- Core EGBs are a weaker in wake of mixed PMI data (France surprised to the

upside, Germany to the downside). Mar 19 Bund future down 19 ticks at 166.32.

- Periphery EGB spreads are narrower: spread of 10-Yr Italian BTPs vs Bunds is

down 4.8bps at 271.2bps; Spain down 2.3bps at 107.7bps; Portugal also down

2.3bps at 139.7bps; Greece in 2bps at 366bps.

- Little Brexit news apart from EU`s Juncker expressing pessimism over 'no

deal`. Mar 19 Gilt futures down 13 ticks at 123.84.

- Key data later includes US weekly jobless claims and durable goods. ECB

minutes and Fed's Bostic up later.