[MARKET ANALYSIS] T-note futures are little changed after slumping yesterday post-NFP

USTs: +1 tick

• Trades little changed but is off the prior day's worst levels after slumping in reaction to the stronger-than-expected NFP report, and although some of the downside was faded, a further rebound was thwarted by a weak auction and with more issuances scheduled later, including a 30yr note offering stateside.

Bunds: +2 ticks

• Takes a breather following yesterday's whipsawing and central bank rhetoric, in which ECB's Nagel called for more EU debt, while ECB's Schnabel noted there are numerous headwinds for the German economy and that demographic change is increasingly weighing on potential growth.

JGBs: +38 ticks

• Remains firmer on return from the holiday closure as yields in Japan retreat, while the latest Japanese PPI data printed in line with expectations and provided little to influence price action.