[MARKET ANALYSIS] JGBs recouped post-election losses, while T-note futures are kept afloat but with demand limited amid US and corporate supply

JGBs have notably recovered from their post-election declines, which is encouraging for Japanese bond investors, especially with an upcoming inflation-indexed auction.

Newsquawk StaffPublished 10 Feb 2026, 02:56 UTCOn the live feed at 02:36 UTC — 1 more headline followed before this page went public

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02:58

China’s embassy in London says it has consistently opposed UK interference in China’s internal affairs, including the BNO issue

02:56

[MARKET ANALYSIS] DXY is rangebound and gets some respite following yesterday's selling

02:36

[MARKET ANALYSIS] JGBs recouped post-election losses, while T-note futures are kept afloat but with demand limited amid US and corporate supply

02:28

Salesforce (CRM) reportedly quietly laid off less than 1,000 workers in a new round of cuts, according to Business Insider

02:21

Japanese Finance Minister Katayama says discussions on using entire surplus are planned, but no position has been taken

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USTs: +1 tick

T-note futures eked slight gains but with upside limited following the choppy performance and recent reports that China is to curb UST exposure, while demand is also contained ahead of US supply and following Alphabet's USD 20bln 7-part issuance.

Bunds: +6 ticks

Remains afloat after rebounding from the prior day's trough but with further gains capped ahead of German auctions, including EUR 5.0bln of Bobls later and EUR 2.5bln of Bunds tomorrow.

JGBs: +36 ticks

Reversed the post-election declines, with participants now looking towards the looming 10yr inflation-indexed JGB auction.

Context

In contrast, T-note futures are slightly up but face headwinds due to restrained demand stemming from anticipated U.S. supply and news of China's reduced exposure to USTs. This mixed sentiment indicates a cautious approach among fixed-income investors as they navigate both domestic and international pressures.

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