[MARKET ANALYSIS] T-note futures pulled back after climbing yesterday amid trade uncertainty and AI disruption fears

The pullback in T-note futures reflects a response to heightened trade uncertainties and fears surrounding AI disruptions, specifically influenced by President Trump's tariff announcements.

Newsquawk StaffPublished 24 Feb 2026, 02:50 UTCOn the live feed at 02:30 UTC, 20 minutes before this page

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[MARKET ANALYSIS] DXY is slightly firmer but with gains capped amid trade uncertainty and a mixed performance of its major counterparts

02:30

[MARKET ANALYSIS] T-note futures pulled back after climbing yesterday amid trade uncertainty and AI disruption fears

02:24

US President Trump posts "Wow! Gavin Newscum just dropped out of the Presidential Race!!!"

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USTs: -8 ticks

Pulled back from the prior day's best levels after advancing on the risk-off mood stateside owing to US President Trump's global tariff hike and further AI disruption worries, while price demand is constrained overnight ahead of a plethora of data and Fed speakers, as well as incoming supply.

Bunds: +6 ticks

Holds on to recent spoils but with further upside limited amid a lack of pertinent drivers and amid trade uncertainty with the EU postponing its ratification of the trade agreement with the US.

JGBs: +10 ticks

Whipsawed on return from the long weekend in which prices initially rallied to above the 133.00 level, before fading the majority of the gains amid the mostly positive risk environment in the region.

Context

As market participants await key economic data and Fed communications, this cautious sentiment suggests that upcoming events could significantly impact risk appetite, likely exacerbating volatility in both fixed income and equity markets.

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