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Curve stays bulll flatter

BUNDS

Bund just off the high since the cash open, but the curve remains bull flatter, as more record Covid spikes hit Europe.

  • Putting some uncertainty on the economic recovery.
  • Brexit talks being pushed and the window narrowing has favoured FTQ into safe haven.
  • Focus this morning on ECB publishing eco bulletin, EU IP.
  • On the speaker front, ECB de Guindos is scheduled, while ECB's Lagarde, BOE's Bailey, Fed's Powell speak at ECB forum
  • SUPPLIES:
  • Sees Italy 3/7/15yr and Ireland 10/30yr, which could keep the upside in Bund limited going into bidding deadlines.

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