Lower on stronger US data and election polling numbers

EGBs have taken their leads from the US treasuries this afternoon, and pushed lower US treasuries and Germany continued to bear steepen, with the long end underperforming

• The Move was US led, post the strong NFP beat.
• Then some continuation from the latest US election polling, pushing Biden ahead in PA and the final Wholesale Inventories beat, have all helped to keep Govies heavy.
• Germany 5/30s test high of the session
• Peripheral are tighter on the day, after Italy 10 yr yields tested record low earlier today.
• Greece leads at 4.8bps tighter.
• Regarding US election nothing validated or official despite the noise in the street
• Dec Bund futures (RX) down 42 ticks at 175.91 (L: 175.86 / H: 176.49)
• Germany: The 2-Yr yield is up 1bps at -0.774%, 5-Yr is up 2bps at -0.792%, 10-Yr is up 2.8bps at -0.609%, and 30-Yr is up 3.4bps at -0.193%.
• Dec BTP futures (IK) up 12 ticks at 150.66 (L: 150.51 / H: 150.95)Italy / German 10-Yr spread 4bps tighter at 126.5bpsDec OAT futures (OA) down 28 ticks at 170.13 (L: 170.08 / H: 170.6)