[MARKET ANALYSIS] T-note futures remain afloat after climbing amid ceasefire extension hopes

USTs: +3 ticks

• Marginally extended on gains after yields declined in tandem with a retreat in oil prices on reports of a tentative agreement regarding a 60-day MoU to extend the US-Iran ceasefire.

Bunds: +11 ticks

• Remained afloat following the prior day's rebound but with further upside capped ahead of German data releases, including Import Prices, State & Nationwide CPI figures and the Unemployment Rate.

JGBs: +39 ticks

• Conformed to the upward momentum in global peers and rose above the 129.00 level, with upside facilitated by lower oil prices and softer-than-expected Tokyo CPI data, while participants now await a 2yr JGB auction.