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All eyes on  EU Summit

BUNDS

A tight open for Bunds, and small better selling in Stoxx, on the Govie open, keeps the contract in the green at 175.92.

  • Curve opens flat, leaning bull flatter, with the longer end better bid.
  • We do have some data, but this will likely take a back seat, with Covid and lockdown risk taking center stage, as Europe continues to report highest numbers since the first wave, and of course ALL EYES today {gb} on UK Johnson and his decision to extend talks (or not).
  • We have no ECB speakers scheduled, and instead some focus on supplies this morning.
  • Supplies: Belgium 2026 and 2066.

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