Bund and Tnotes are finding a small bid,......>

BONDS: Bund and Tnotes are finding a small bid, after the dip lower on the

opening bell, following the rebound in Equities overnight.

 -We are still trading in a fairly tight range in the first hour of the European

session. 

-Early price action was mostly seen in FX with USD selling, but some of the

moves have now been reversed somewhat, with a two way in Equities. 

-Tnotes are taking their from the German curve and are off their lows. 

*Some of the focus is turning back towards a second wave of infections risk in

the US, and core Bonds will likely remain underpinned heading into the weekend. 

-Houston officials are reporting that they are close to re-imposing stay at home

orders.