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All eyes on US elections

EGB SUMMARY

EGBs have traded within the morning ranges, as investors and market participants prepare for a huge risk event week.

  • German curve has reversed some of the bear flattening noted during the morning session, to trade flat at the time of typing.
  • Peripheral have traded mixed, with Spain 0.4bp tighter versus the German 10yr, while Greece sits 1.4bp wider.
  • Looking ahead, all eyes on the US election, with some of the results expected tomorrow night.
  • Dec Bund futures (RX) up 8 ticks at 176.23 (L: 175.9 / H: 176.32)
  • Germany: The 2-Yr yield is down 0.2bps at -0.796%, 5-Yr is up 0.2bps at -0.818%, 10-Yr is down 0.6bps at -0.633%, and 30-Yr is down 0.6bps at -0.224%.
  • Dec BTP futures (IK) down 4 ticks at 149.55 (L: 148.97 / H: 149.63)
  • Italy / German 10-Yr spread 0.7bps tighter at 138bps
  • Dec OAT futures (OA) up 6 ticks at 170.17 (L: 169.85 / H: 170.23)
  • Spanish bond spread down 0.4bps at 75.8bps
  • Portuguese PGB spread down 0.3bps at 72.9bps
  • Greek bond spread down 1.5bps at 156.1bps

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