It`s been another brutal day for........>

EGB SUMMARY: It`s been another brutal day for risk, with the Fed`s drastic

actions taken Sunday failing to garner much enthusiasm. 

- Europe heading for deeper COVID-19 lockdown, with the EC proposing a stop to

non-essential travel to the EU for 30 days.

- Notably Bunds have been selling off all day despite another collapse in

equities. As stocks rallied from 1400GMT onward, Bunds` descent accelerated.

- Periphery EGB spreads have been relatively tame given the circumstances but

remain wider. Latest levels:

* Jun Bund futures (RX) down 171 ticks at 172.46 (L: 172.24 / H: 175.25). The

German 2-Yr yield is down 1.2bps at -0.882%, 5-Yr is up 3.6bps at -0.707%, 10-Yr

is up 6.9bps at -0.475%, and 30-Yr is up 4bps at -0.163%.

* Jun BTP futures (IK) are down 378 ticks at 133.4 (L: 132.58 / H: 136.45)

* Italy / German 10-Yr spread 24.6bps wider at 257.5bps

* Jun OAT futures (OA) down 227 ticks at 164.94 (L: 164.58 / H: 167.18)