[MARKET ANALYSIS] T-note futures lack direction after recent curve flattening and oil moves

USTs: -0.5 ticks

• T-note futures lack direction after flattening yesterday as rising oil prices continued to direct trade, while the recent expectation-topping JOLTS data only briefly contributed to the upside in yields.

Bunds: -2 ticks

• Lingers near the prior day's trough as the upside in oil stokes inflationary pressures.

JGBs: -33 ticks

• Continued to fade recent advances amid the gains in oil, and as money markets continue to price around a 74% chance of a BoJ rate hike this month.