[MARKET ANALYSIS] T-note futures are rangebound after Trump's de-escalation efforts and as supply looms

USTs: -3 ticks

• Trickled lower beneath the 109.00 level after recent price swings in tandem with oil as US President Trump pushed de-escalation efforts, while demand is not helped by the absence of Fed speakers and ahead of a 3yr note auction, scheduled later today.

Bunds: -17 ticks

• Remained subdued after recent energy-driven pressures and with participants awaiting the latest German trade data, as well as looming supply beginning with today's EUR 2bln of Bund issuances.

JGBs: - 8 ticks

• Conformed to the dowbeat mood in global peers amid higher yields heading into an anticipated BoJ rate increase at next week's meeting.