Bunds: tracking firmer US Treasuries, but also wary about BTP bounce and supply

The 10 year German debt future opened 12 ticks higher at 159.82 and remains bid within a 159.89-74 range in response to the rebound in US Treasuries post-midterm elections and pre-FOMC, but the core Eurozone bond also looks somewhat hampered or at least conscious that Italian counterparts are also back on the front foot and Spanish Bonos are advancing on the mortgage stamp duty reverse ruling in favour of the banks. Note also, Bunds have issuance to make room for ahead of the US long bond auction, while the regional data focus falls on pan-Eurozone retail sales following firmer than forecast German ip and an unexpected back month revision.

(RANsquawk)