[MARKET ANALYSIS] T-note futures are rangebound following recent indecision amid mixed geopolitical reports

USTs: +2 ticks

• T-note futures are rangebound following the recent indecisive performance as rates fluctuated on the volatile crude price action and conflicting geopolitical reports.

Bunds: +33 ticks

• Holds on to its gains after climbing back above the 125.00 level in the aftermath of the recent weak PMI data from the bloc and as several German data releases approach, including GfK Consumer Confidence, Final Q1 GDP & Ifo Business Climate.

JGBs: -16 ticks

• Demand is contained following the recent choppy performance and amid gains in stocks, while prices failed to benefit from the softer-than-expected Japanese CPI data, with participants now awaiting the looming enhanced-liquidity supply from Japan.