Thursday has seen some sharp moves......>

EGB SUMMARY: Thursday has seen some sharp moves but little decisive direction in

core EGBs, while periphery instruments have gained ground.

- Despite a few 20-30 tick moves in either direction over the course of the day,

Bund Jun19 futures are back around levels seen in overnight Asian trading - last

down 25 ticks at 164.22, having traded in a range of 164.11-164.45 today. 

- The 2-Yr German yield is up 0.8bps at -0.54%, 5-Yr is up 1.5bps at -0.343%,

10-Yr is up 1.8bps at 0.083%, and 30-Yr is up 1bps at 0.741%.

- The tone has largely been set by UK Brexit votes the last couple of days;

Thursday's 1700GMT vote to extend Article 50 is now in focus.

- BTPs have gained, with Jun19 futures up 70 ticks at 129.20, and 10-Yr spread

vs Bunds down 7.2bps at 241.5bps.

- Spanish, Portuguese and Greek spreads are down 2-3bps.

- Euribor futures have had a fairly quiet day, strip trading 0.5-1.0 ticks lower

from Jun20 onward.

- ECB/Bank of Italy`s Visco speaks at 1600GMT, unlikely to be market-moving (he

is presenting his new book "Anni difficili").