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US-CHINA

Biden Commits To Taiwan Defence, Beijing Pushes Back

DATA REACT

EURUSD to high of the day but limited FI reaction

DATA REACT

EURUSD to high of the day but limited FI reaction

GERMAN DATA

PMI: "Unprecedented" rise in output prices

FRANCE DATA

PMI data: Inflationary pressures "grew stronger"

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
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com