[MARKET ANALYSIS] T-note futures rebounded after declining yesterday amid corporate supply and a record Fed Funds block sale

USTs: +2.5 ticks

• Marginally rebounded after declining yesterday on corporate issuances and a record Fed Funds block sale, while the attention turns to several data releases, including a couple of labour market proxies heading into Friday's NFP report.

Bunds: +11 ticks

• Holds on to the prior day's spoils following soft German inflation data but with further upside limited as EUR 6bln of Bund issuances loom.

JGBs: +13 ticks

• Remained afloat but kept to within a narrow range in the absence of data releases from Japan.

The rebound in T-note futures, following their decline due to corporate supply and a substantial Fed Funds sale, suggests a reevaluation of risk following recent pressures. As traders shift focus to upcoming labor market data, which could influence the Fed's policy stance, this movement may indicate a temporary stabilization in sentiment, particularly in the context of global bond markets.