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Small bull flatter since the open

BUNDS

A tight 13 ticks open for Bund (174.70-174.83), and it should be a quiet start for the week, given US Columbus day, and plenty of risk, with the awaited EU Summit, at the end of the week.

This is the self imposed date for a deal or no deal by UK Boris Johnson.

Nonetheless, it is likely that talks will continue through to the end of October, after the EU signaled a move into the 'tunnel' negotiations.

German curve is flat, and on the margin tilting bull flatter.

Some focus on BTP 10yr yield and on the spread against Germany remains.

Next target is at 0.70% would equate to 149.63, traded 0.707% record low on Friday.

In the BTP/Bund spread, next support (tightest) is seen at 01/05/2018 low 120.032.

Some focus today on ECB speakers, which includes Schnabel, Lagarde, Guindos and Panetta

BulletMarketsFixed Income Bullets
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