An extremely busy afternoon session,....>

EGB SUMMARY: An extremely busy afternoon session, led by continued Risk off,

with most Indices losing over 10% from the past few sessions highs. 

-We have seen plenty of big moves in short term rates, as investors pencils in a

higher odd of a rate cut by the ECB, as Covid-19 gets equities long to

liquidate. 

-Some big multi months moves along peripherals with Spain and Portugal making

multi months wide against to Bund. 

-Further Equity selling as the US came in, are helping the safer Haven bond at

the cost of Spain, Portugal and also BTP, with the latter over 120 ticks down on

the day. 

- Bund futures are up 1.00 today at 176.83 

- BTP futures down -1.30 at 146.07 

- OAT futures up 0.57 at 168.42.