[MARKET ANALYSIS] T-note futures are little changed after bull steepening yesterday as oil declined

USTs: +1 tick

• Trades little changed after bull steepening yesterday as falling crude prices eased inflation concerns and reduced Fed rate hike pricing, while participants await the key US jobs data.

Bunds: -1 tick

• Lacks direction following recent indecision and the absence of any significant pertinent catalysts.

JGBs: +15 ticks

• Remains afloat after the prior day's decline in oil prices, but with the upside in JGBs capped as participants also digested several data releases in which Labour Cash Earnings and Household Spending topped forecasts.