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

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Chinese Imports YoY (May) Y/Y 27.4% vs. Exp. 25% (Prev. 25.3%)

Chinese Exports YoY (May) Y/Y 19.4% vs. Exp. 14.3% (Prev. 14.1%)

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

Citrini's Jukan posts "SOURCES: ANTHROPIC WILL RELEASE THE PUBLIC VERSION OF MYTHOS TOMORROW"

[MARKET ANALYSIS] Oil prices are contained after the recent geopolitical escalation simmered down

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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.

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