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PM conte to tender resignation in maneuver for a chance to form a third coalition

- (EU) European Union opened book to sell EUR-denominated 7-year and 30-year SURE bonds via syndicate; To sell 7-year bonds; guidance seen -13bps to mid-swaps; To sell Nov 2050 bonds; guidance seen +7bps to mid-swaps - (SA) - (NL) Netherlands Debt Agency (DSTA) sold €2.71B vs. €2.0-3.0B indicated range in 0.25% July 2025 DSL Bonds; Avg Yield: -0.721% v +0.642% prior (Nov 24th 2020) - (UK) DMO sold £2.5B in 0.625% July 2035 Gilts; Avg Yield: 0.614% v 0.512% prior; bid-to-cover: 2.66x v ...
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Markets drift higher as EU prepares to ratify post-Brexit trade deal later today

- Speakers - (ID) Indonesian Institute of Sciences (LIPI): No scientific data to corroborate new COVID variant is deadlier - (IN) India Official: May not need to raise additional funds in current FY, revised INR110B budget should suffice - (IN) India Home Ministry: May implement local restrictions to prevent spread of coronavirus (in line) - (IT) Italy Finance Min Gualtieri: Italy will not ask immediately for recovery fund loans - (TW) Taiwan CDC: Taiwan to acquire total 30M coronavirus doses;...
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