EGBs are opening on the back foot weighed by...>

EGBS: EGBs are opening on the back foot weighed by overnight move lower in US

Treasuries and JGBs as markets digest the G20 communique, media reports that the

BoJ could adjust its monetary policy and latest war of words between Iran and

the US.

- German 10-yr yield is 1.7bp higher at 0.387% and is leading the rest of the

yield curve higher. 2s/10s is 1.5bp wider.

- EMU periphery are fairing slightly better than core/semi-core EGBs with 10-yr

Bund/BTP spread 0.7bp lower.

- There only data from the Eurozone today will be flash Consumer confidence data

at 1400GMT, while there is a dearth of ECB speakers due to the upcoming

Governing Council meeting on Thursday.

- Belgium is due to tap 0.50% Oct-24 OLO, 0.80% Jun-28 OLO, 1.45% Jun-37 OLO,

and 2.15% Jun-66 OLO today, so long end of European yields could come under some

early morning pressure.