[MARKET ANALYSIS] T-note futures attempt to nurse losses after trickling lower on Friday in thinned-conditions

USTs: - 7 ticks

• T-note futures marginally rebounded from last week's trough after trickling lower on Friday in thinned conditions, owing to the Juneteenth holiday closure, while the mild recovery is facilitated by a pullback in oil prices as the geopolitical headlines gradually turned positive.

Bunds: +10 ticks

• Bounced off support around the 126.00 level, but with price action contained in the absence of any major catalysts for the bloc.

JGBs: - 3 ticks

• Demand is subdued amid a lack of data, and with comments from BoJ Deputy Governor Himino providing very little incrementally in which he noted that takes some time for policy to have an impact on the economy and that accommodative conditions are expected to continue, while he added that risks of a price overshoot could materialise if there is a delay in the necessary adjustment in the degree of monetary easing.