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Full reversal on Trade noise. -EGBs....>

EGB SUMMARY
EGB SUMMARY: Full reversal on Trade noise. 
-EGBs reversed the morning sell off, following a CNBC tweet: 
-Mood in Beijing about trade deal is pessimistic, government source tells me.
China troubled after Trump said no tariff rollback. (China thought both had
agreed in principle.) Strategy now to talk but wait due to impeachment, US
election. Also prioritize China economic support. 
-EGBs, Treasuries and Gold rallied on Safe Haven flow, with move exacerbated on
a day with nothing of note on the calendar. 
-Bund have caught some ground against the Italian BTP today, but the latter
continues to outperform the German curve, as more position unwind goes through.
+BTP vs -Bunds.
- Bund futures are up 0.17 today at 171.02 with BTP futures up 0.55 at 142.05
and OAT futures up 0.26 at 167.55.

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