[MARKET ANALYSIS] T-note futures are rangebound after the recent bear flattening on oil related pressures

USTs: -1.5 ticks

• Trade rangebound after the prior day's bear flattening, led by the front-end, in response to oil prices.

Bunds: +10 ticks

• Rebounded from the prior day's early trough but with upside capped by resistance at the 126.00 level, while participants also await incoming German ZEW data and supply.

JGBs: ticks

• Remained afloat following recent BoJ source reports that the central bank will likely refrain from hiking rates this month, although gains are limited ahead of an enhanced liquidity auction for long to super-long JGBs.