Repeat Early Tsy Bullet

***This is a repeat of an earlier bullet (from 22:30 GMT), that wasn't posted***

T-Notes are bid in early trade this week, last +0-03 at 138-14+, with participants looking to the uptick in COVID cases in Europe, and mitigation measures that have been enacted over the weekend (most notably in Italy & Spain). While it is true that the latest round of infections has not seen the death rate witnessed in the first major round of European cases, governments are still willing to impose lockdown/mitigation measures, which will have an economic impact. E-minis are offered as a result.

• As a reminder, the Tsy curve flattened on Friday, with the market switching focus to a realisation that any fiscal pact in DC will likely have to wait until after the November election, despite some quarters on the Hill remaining upbeat re: the prospect of a deal. There is likely at least an element of residual impact in early Asia-Pac trade this week, aiding the aforementioned European COVID-related bid for Tsys.
• Little in the way of true tier 1 risk events slated for Asia-Pac hours on Monday, so focus will likely fall on headline and market flow.