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Day ahead

BUNDS

Bund stays in a tight range since the cash open (170.07-170.20).

  • Estoxx (VGM1) look to close small downside gap towards 4018.
  • German 5/30s, unwind small steepening bias, but we are still trending close to Thursday's high 99.774, which is also the steepest level since mid July 2019.
  • Worth keeping an eye on Italian and Greek yields, with 10yrs hovering close to 1%.
  • Italy traded briefly above Greece on Friday.
  • No tier 1 data to start the week.
  • Speakers, sees only US Fed Evans (Voter, leaning Dove)

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