Trade within range

EGBs remains within ranges, as investors and market participants awaits on Brexit US stimulus and CBs this week (Fed, BoE).

• Bund is better offered on Brexit and US stimulus hope, but volumes have been fairly subdued as we head into an event risk week.
• German curve is bear steeper, and peripherals outperforms across the board pushing 10yr spreads against Germany tighter.
• Italy leads at 3.4bps tighter Looking ahead, no data or speaker are scheduled.
• Attentions turns to the US bipartisan bill, with details expected to be released at 16.00ET.
• Mar Bund futures (RX) down 42 ticks at 178.26 (L: 178.13 / H: 178.56)
• Germany: The 2-Yr yield is up 1.8bps at -0.765%, 5-Yr is up 2bps at -0.792%, 10-Yr is up 2.5bps at -0.611%, and 30-Yr is up 3.6bps at -0.203%.
• Mar Gilt futures (G) down 77 ticks at 135.06 (L: 134.81 / H: 135.51)UK: The 2-Yr yield is up 3.2bps at -0.08%, 5-Yr is up 4.3bps at -0.052%, 10-Yr is up 6.2bps at 0.234%, and 30-Yr is up 6.7bps at 0.78%.
• Mar BTP futures (IK) up 8 ticks at 152.12 (L: 151.89 / H: 152.21)Italy / German 10-Yr spread 3.7bps tighter at 115.7bps
• Mar OAT futures (OA) down 31 ticks at 168.18 (L: 168.06 / H: 168.46)