A more subdued start for the week

A more subdued session to start the week with few countries out for Pentecôte.

• Volumes are running below 50% of the 10 days averages.
• Most of the action has been in Gilts and US Treasury rolls.
• German curve trades flat at the time of typing, as well as peripheral spreads, beside Greece, which sits 2.2bps tighter on the session.
• Looking ahead, BOE's Bailey, Cunliffe, Haldane and Saunders addressing lawmakers, Fed Mester (Diversity/CB communication), Bostic (Covid policy response), George (at Agri Symposium)
• Jun Bund futures (RX) up 1 ticks at 169.15 (L: 169.02 / H: 169.41)
• Germany: The 2-Yr yield is up 0.3bps at -0.651%, 5-Yr is down 0.2bps at -0.523%, 10-Yr is up 0.1bps at -0.129%, and 30-Yr is up 0.9bps at 0.431%.
• Jun OAT futures (OA) up 1 ticks at 159.46 (L: 159.3 / H: 159.7)
• Italian BTP spread up 0.3bps at 116.5bpsSpanish bond spread unchanged at 68.3bps
• Portuguese PGB spread down 0.2bps at 68.4bps
• Greek bond spread down 2bps at 108.6bps