Greece is the outperformer in the EGB...>

EGB SUMMARY: Greece is the outperformer in the EGB space, with most core and

periphery instruments weaker early Monday.

- Jun 19 Bund futures are down 33 ticks at 166.01, albeit up from 165.68 low.

- 10-Yr Greek bonds vs Bund spread is in 4.7bps at 375.9bps, following through

from Friday's headlines that the gov't has reached an agreement on its second

post-bailout review, and one-year high in Greek manuf PMI.

- Italy, Spain, Portugal 10-Yr spreads to Germany relatively unchanged in

contrast; trading 0.5bps wider/narrower on the day.

- Jun 19 BTP future is down 27 ticks at 129.20 and OAT future down 46 ticks at

162.21, generally tracking Bunds lower.

- Eurozone PMI data leaked early, showed continued slowdown in March for the

most part vs both Flash and Median; March inflation also missed to the downside

(1.4% Y/Y vs 1.5% exp.; core was 0.8% vs 0.9% exp).

- ECB`s Guindos speaks in Brussels at 1300GMT/1400BST/1500CET (just a reminder

that the clocks changed on Sunday).