[MARKET ANALYSIS] T-note future are subdued following recent curve flattening and mixed geopolitical headlines
Importance
Level 1
USTs: -5 ticks
- Retreated after the prior day's curve flattening as front-end yields rose on higher oil prices and amid mixed geopolitical reports.
Bunds: -39 ticks
- Fell to a weekly low with pressure seen as oil prices initially rallied and with prices not helped by recent supply and Germany downgrading its growth forecasts.
JGBs: +5 ticks
- Price action was choppy alongside fluctuations in oil and with a lack of tier-1 data for Japan.