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[MARKET ANALYSIS] T-note futures are contained following the recent slew of data which came in largely hot

Importance
Level 1

USTs: +2 ticks

  • T-notes futures are off the prior day's lows but with upside contained after the recent slew of data stateside which was largely hot and continued to ease labour market concerns, while participants now await the looming BLS jobs data.

Bunds: +4 ticks

  • Lacks conviction after retreating yesterday, with demand hampered following stronger-than-expected German Factory Orders and a deluge of mixed EU releases including PPI data and confidence surveys.

JGBs: -26 ticks

  • Retreated amid the outperformance in Japanese stocks and with yields firmer following stronger-than-expected Japanese Household Spending data.
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