All eyes on US elections

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