Global stocks` move lower early........>

BOND SUMMARY: Global stocks` move lower early Friday has not been mirrored in

the fixed income space, with rolls comprising most activity.

- French flash Nov inflation came in a little higher than exp, but little

reaction; the Eurozone prelim number is out at 1000GMT.

- ECB`s Villeroy and Guindos speaking lataer.

- Reminder, U.S. half-day session due to holidays; no data/speakers.

** Latest levels:

* Dec Bund futures (RX) down 1 ticks at 171.25 (L: 171.12 / H: 171.31)

* Germany: The 2-Yr yield is unchanged at -0.633%, 5-Yr is down 0.1bps at

-0.589%, 10-Yr is down 0.2bps at -0.363%, and 30-Yr is down 0.3bps at 0.149%.

* Mar Gilt futures (G) down 1 ticks at 133.06 (L: 132.94 / H: 133.07)

* UK: The 2-Yr yield is down 0.4bps at 0.512%, 5-Yr is down 0.4bps at 0.485%,

10-Yr is down 0.3bps at 0.673%, and 30-Yr is down 1.4bps at 1.203%.

* Dec BTP futures (IK) up 7 ticks at 141.31 (L: 141.08 / H: 141.39)

* Italy / German 10-Yr spread 0.3bps tighter at 159.3bps

* Dec OAT futures (OA) up 5 ticks at 167.75 (L: 167.62 / H: 167.8)