Trial now

Trade Data Due Over The Weekend


No Curve Balls From Lowe To Start


Link To RBA Governor Lowe's Testimony


Futures Little Changed Overnight


Social Distancing Measures To Be Reviewed

EGBs had made some decent gains.........>

EGB SUMMARY: EGBs had made some decent gains before talk that Kevin Warsh was
being considered for Fed Chair, at which point Bunds followed the Treasury
market lower. 
- During the morning, the path of least resistance was higher because month-end
extensions were ahead and the Catalan referendum risk prompted a few to cling to
Bunds in case there was a risk off move. Spanish debt underperformed on Friday
but not markedly so, with a 10Y spread to Germany 1bp wider but then so were
- European CPI data came in a touch lower than expected in the headline index;
core inflation was 1.1%Y/Y and was in line with economist's forecasts. German
labour market data were very strong, with the rate of unemployment dropping to
an all-time low.
- European month-end extensions were not particularly large and had very little
influence upon EGBs.
- Going into the close, the 10Y German yield was -0.4bp at 0.474% with good
flattening of the 10-30Y spread.