There have been some decent volumes.....>

EGB SUMMARY: There have been some decent volumes in EGBs (although less than the

past couple of days) but moves have been rather subdued outside of BTPs.

- After a shallow rally at the beginning of the day, Bunds gave up their gains

and were largely unchanged going into the US employment report. Bunds sold off

over the ensuing half hour but have again regained ground and once again stand

little changed on the day.

- With most peripheral spreads only a little tighter on the day, BTPs have been

the exception to the rule and have rallied but with no real headlines driving

the move.

- Bund futures are up 0.10 today at 171.24 with 10y Bund yields down -0.9bp at

-0.191% and Schatz yields down -0.1bp at -0.601%.

- BTP futures are up 0.50 today at 143.45 with 10y yields down -5.3bp at 1.323%

and 2y yields down -1.6bp at -0.71%.

- OAT futures are up 0.18 today at 163.90 with 10y yields down -1.5bp at 0.048%

and 2y yields up 0.2bp at -0.579%.