A fairly mixed opening session for.....>

BOND SUMMARY: A fairly mixed opening session for Government Bonds and across

assets on the European open. 

-Bund is testing lower on the open, and making an attempt at that -0.494% yield

resistance, despite Equities being better offered. Still plenty of concerns

regarding re-opening globally, with some countries showing surges in cases as

they re-open. 

-But also the cloud of the GCC ruling, and debt implementation concerns. 

-Bund upside has been limited as we head into the German tap, 

-Peripheral spread are generally a touch tighter against the Bund, with BTP/Bund

sitting 2bps tighter so far this morning. 

-Gilts, have been underpinned, and act as "safer" haven, on UK re-opening

concerns, as well as BoE Broadbent appearing on a CNBC interview, where the

Governor implied that the UK may be headed toward negative interest rates. 

-US Treasuries, have traded mixed, inline with EGB's and Risk, ahead of the US

CPI release due later today.