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Supplies and EU Summit

BUNDS

Bund sees decent buying volumes on the open, with Equity futures ticking lower since the Govie opening bell.

  • Chance of a US Stimulus package before the election, are all but gone according to Mnuchin, blaming politics.
  • France is "a couvre feu" following Covid spikes, and the data across Europe paint a bleak picture, with numbers worst than the initial first wave.
  • Very little on the data front, and focus this morning will be on supplies with Spain 5yr, and France 5/6/7yr and linkers.
  • ALL EYES of course on the EU Summit:
  • Today's schedule (local time):
  • 13.30 Arrival 1
  • 14.00 Arrival 2
  • 15.00 Roundtable
  • Press conference following the first day of the meeting

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