It has been an uneventful session.......>

EGB SUMMARY: It has been an uneventful session given the US and UK public

holidays, coupled with a dearth of tier one economic data after the German IFO

release at 0900BST.

- Bunds trade close to unch on the day. Current yield levels: 2-year -0.692%,

5-year -0,6822%, 10-year -0.4969%, 30-year -0.0563%.

- OATs have firmed slightly but action has similarly been contained.

- BTPs have outperformed with cash yields 2-4bp lower and the curve bull

flattening. 

- Following today's large block of T-bill supply from Germany, France, the

Netherlands and Slovakia, tomorrow will see Italy selling BTPEi/CTZ, Germany

selling the 0% Jun-22 Schatz for E5bn and the Netherlands auctioning E3-5bn of

the 0% Jan-27 DSL.

- After intense scrutiny over the weekend following allegations that he broke

lockdown rules, Dominic Cummings is due to make a public statement at 1600BST.

The prime minister has so far defended his closest adviser but the pressure to

stand him down is mounting.