[MARKET ANALYSIS] T-note futures are lacklustre with US cash markets closed on Friday for Juneteenth

USTs: -2 ticks

• T-note futures are uneventful in thin trade after recently nursing some of the FOMC-triggered losses, while overnight demand is not helped by the closure of US cash markets on Friday for Juneteenth.

Bunds: -30 ticks

• Resumed yesterday's intraday pullback after recent fluctuations and continued hawkish ECB rhetoric, while German PPI data looms.

JGBs: -20 ticks

• Price action is subdued ahead of an enhanced liquidity auction for longer-dated JGBs and after Japanese inflation data mostly matched forecasts.