Holding onto gains

EGBs have stayed better bid throughout today's more subdued session.

• German curve remains bull flatter on safe haven as investors keeps a close eye on new record Covid spikes, hindering the potential pace of the economic recoveries.
• Brexit is also at the forefront, with more talks expected next week, as the window continues to narrow.
• Peripherals have traded in tandem with Germany, although Greece outperforms and sit 3.6bps tighter on the day.
• Looking ahead, Sovereign rating reviews after hours, Fitch on Austria and France. S&P on Netherland. DBRS on UK and Cyprus
• Bund futures are up 0.29 at 175.03
• 10y Bund yields down -1.6bp at -0.553%
• Schatz yields down -0.5bp at -0.734%.
• BTP futures are up 0.31 at 150.66
• 10y BTP yields down -2.7bp at 0.656% and 2y yields down -1.4bp at -0.424%.
• OAT futures are up 0.38 at 169.65
• 10y French yields down -2.0bp at -0.314% and 2y yields down -0.9bp at -0.691%.