A very quiet and slow session for.......>

EGB SUMMARY: A very quiet and slow session for EGB's, with volumes way below

averages, as most investors and market participants stays on the sideline, given

the Bank Holiday. 

-Bund have traded range bound (30 ticks range) and are sitting flat on the day,

with volumes running at just 40% of the 10 day averages. 

-Peripheral spreads are a touch wider against the German 10yr. The peripheral

strip sit 1bps wider vs the Bund, beside Greece, with the latter outperforming

somewhat and 2.7bps tighter. 

-Concerns remains on US-China relations, and taking into account weekend and

this morning's headlines, the threatening tones have been ratcheting up. 

-Looking ahead, we have nothing on the data front for the afternoon, and on the

speaker front, we'll get ECB's Villeroy speaking at a virtual conference. 

- Bund futures are down -0.01 today at 173.11 

- Schatz yields down -0.1bp at -0.693%. 

- BTP futures are down -0.08 today at 140.74 

- OAT futures are down -0.02 today at 167.90