Yields are lower across most of the.....>

EGB SUMMARY: Yields are lower across most of the EGB space Wednesday, assisted

by weaker-than-expected German inflation and slightly softer equity trading.

- The Mar 19 Bund future is up 14 ticks at 165.22, having traded in a range of

164.99-165.26 today. Mini-spike in Bunds just before weak German Jan inflation

emerged at 1300GMT, but subsided thereafter. Eurozone inflation out Fri.

- Possibly some discussion of rising chance of no-deal Brexit (notably from EC's

Juncker) also helping core EGBs at the margin.

- The 2-Yr German yield is up 0.6bps at -0.564%, 5-Yr is unchanged at -0.294%,

10-Yr is down 1.2bps at 0.188%, and 30-Yr is down 1.9bps at 0.78%.

- Mar 19 BTP future is up 21 ticks at 129.38, near day's highs.

- Greece outperforming among periphery EGBs: 10-Yr GGB spread down 3.2bps v

Bunds at 374.5bps. Italy down 2.2bps, Spain up 3bps, and Portugal 1.1bps wider.

- Issuance is done for the week but Portugal announced a PGB exchange on

Thursday 1000GMT, buying back 4.80% Jun-20 in exchange for 2.125% Oct-28.

- US Fed decision eyed later Wednesday; Thurs sees ECB speakers Mersch, Coeure

and Weidmann, as well as a raft of data including EMU Q4 GDP.