EU says that its joint vaccine strategy is not unravelling
Most countries tend to sandbag the vaccine timeline as anything better will just make the incumbent government look good. As much as we want to believe that health priorities come first, politicians will be politicians at the end of the day.

Oil claws back earlier losses to unchanged levels around $60.65
WTI crude was down by 1% at the start of European trading just below $60 but has clawed its way back higher on the session as traders brush aside fears of OPEC+ increasing supply at the meeting later in the week.

The sentiment in the bond market is keeping the overall market mood more delicate once again in European morning trade
10-year Treasury yields are up 2 bps to session highs of 1.439% while Italian 10-year yields are seen up 5 bps to 0.71% and German 10-year yields are up 1 bps to -0.32%.

Reuters reports, citing a draft agreement seen on the matter
One of the conditions is that shops in certain areas will be allowed to reopen where the infection rate is seen below 35 per 100,000. For some context, the general 7-day incidence rate for the country stood at 65.4 in the latest update today.

Latest data released by Eurostat – 2 March 2021

Fedspeak is going to be a hot topic in the market this week
Here’s the agenda for today:
1400 GMT – Fed’s Williams speaks at a virtual conference
The conference is hosted by the NY Fed and Williams will be delivering opening and closing remarks at the event. His opening speech is expected to be for 5 minutes

10-year yields up over 4 bps to near 1.45%
At the start of European morning trade, it was holding around 1.40%. Meanwhile, 30-year yields are up by over 7 bps on the day and closing in on 2.23%.

Bitcoin could either surge dramatically or blow up entirely, says Citi
But Citi warns that the cryptocurrency is facing a „tipping point“ at the moment with the potential to explode higher or implode completely.

He sure doesn’t sound too worried about the bond market developments
10-year Treasury yields are at the highs for the day, near 1.44%:

Latest data released by Destatis – 1 March 2021
This just adds to confirmation that the German national reading later should see CPI tick slightly higher than the January reading of +1.0% y/y. The estimate is for a jump to +1.2% y/y to +1.3% y/y – which will be the highest since March last year.