[MARKET ANALYSIS] Fixed income trade muted as USTs digest a strong claims report
Importance
Level 1
- UST Futures oscillates in a tight 3-tick range as Treasuries consolidate from the strong US claims data on Thursday, which saw front-end yields lead the move, resulting in a bear flattening of the curve.
- Bund Futures holds above 128.30 after multiple failed attempts in Thursday’s session to hold below this price point.
- JGB Futures trade muted despite the hawkish report by Reuters, stating that the BoJ could hike rates as soon as April, earlier than market expectations.
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