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Day ahead

BUNDS
A tight opening range for Bund (177.21-177.41, low/high) , and a lighter day on the data front.
  • Of note, French Budget Balance, Spanish Unemployment Change, and EC PPI.
  • -On the supplies front we get, Austria 5yr and 10yr.
  • Peripherals are circa 1bp tighter, while the curve is a touch bear steeper (2s/10s)
  • Covid case spikes remains at the forefront, with countries like Spain, clearly showing a second wave could be on the way, given the latest reports of late.

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