[MARKET ANALYSIS] T-note futures are lacklustre after recent curve flattening and after some AI disruption fears were eased

USTs: -2 ticks

• T-note futures are slightly lower after the choppy performance during US trade where the curve flattened as some of the recent AI disruption fears were allayed after Anthropic announced a slew of new partnerships, while the attention now turns to US President Trump's State of the Union Address.

Bunds: +1 tick

• Lacks direction following the prior day's indecision and with Bund issuances and GfK data scheduled today.

JGBs: +17 ticks

• Trades higher following reports that Japanese PM Takaichi relayed to BoJ Governor Ueda her reservations about further rate hikes, although prices are off today's best levels as participants await the Japanese government's BoJ nominations and with an enhanced liquidity auction also looming.