[MARKET ANALYSIS] T-note futures rebounded after suffering yesterday as oil and geopolitics remain the main catalysts

USTs: +3 ticks

• T-notes rebounded as oil pulled back, with Treasury trade continuing to be dictated by energy markets, while recent data releases from the US were encouraging, but have taken a back seat to geopolitics.

Bunds: +8 ticks

• Gradually recouped some lost ground but with the recovery limited amid a lack of pertinent drivers, while participants await EU Retail Sales data and comments from ECB's Lagarde.

JGBs: -4 ticks

• Trades indecisively following a recent slide and hawkish commentary from BoJ Governor Ueda, while participants await a looming enhanced-liquidity auction for longer-dated JGBs.