EGBs have started the session under....>

BOND SUMMARY: EGBs have started the session under pressure and drifted lower, as

European investors came back from the EU bank holiday Friday. 

-Bund, BTP and OAT are in negative territory, despite the "Risk Off" tone, on

the back of the US-China rhetoric. 

-Trump hinting on a possible release of a U.S. report on the Chinese origins of

COVID-19, and the threat of Tariffs. 

-Focus in Europe this morning was on the PMI releases from EU countries , but

they have provided very little in terms of market movements. 

-There's some focus shortly on the German constitutional court, which is due to

start at 10.00 CET. 

-Gilts are up on the day, given the lower Equities, but most of the attention

here will be on the BoE this week, and plans on lifting lockdown. 

-USTs have stayed buoyed, with other safer haven (like Gold), by Sino-U.S

concerns.