[MARKET ANALYSIS] Muted trade in fixed income as markets await US CPI and PPI later in the week
Importance
Level 1
- UST Futures trades rangebound in a 112'05-112'11 band as the Asia-Pac session gets underway. Earlier upside was seen following the announcement of the subpoena against Fed Chair Powell, rising from trough to peak over the space of 45 minutes, before paring back the entirety of earlier gains and currently trading flat.
- Bund Futures follows its US counterpart, rising from the open at 127.91 to a peak of 128.02, before falling back lower. Not much on the docket today in the European session, but markets will be waiting for US CPI and PPI.
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