Greece has taken centre stage in the....>

EGB SUMMARY: Greece has taken centre stage in the EGB space Monday, with core

instruments gaining some ground.

- Greece has provided the morning`s highlights, with a fall in 10-Yr yields to

best levels in over 12 years following Moody's 2-notch upgrade Friday.

- This was followed by a complete U-turn in yields (now higher on the day, up

1.4bps at 3.664%) after Greece announced a 10-Yr GGB syndication, would be the

first in a decade. Hearing around E2bln size.

- Mar 19 Bund future is up 27 ticks at 165.49, up from low of 165.01. The 2-Yr

yield is down 0.1bps at -0.509%, 5-Yr is down 1.1bps at -0.285%, 10-Yr is down

1.3bps at 0.17%, and 30-Yr is down 0.7bps at 0.808%.

- Italy underperforming early Monday, 10-Yr BTPs vs Bunds spread up 3.7bps at

258.6bps. Mar 19 future down 17 ticks at 128.19.

- French spreads a little wider with 10-Yr OAT/Bunds up 0.3bps at 39.8bps, again

nearing the 40bps area that has proved key in recent months.

- Dearth of key data/speakers , with impetus more likely to be provided by

global headlines including on China Party Congress / U.S. trade, and Brexit.