[MARKET ANALYSIS] T-note futures struggle for direction after the 3-day weekend stateside and as headlines remain dominated by geopolitics

T-note futures are struggling to find direction as market participants grapple with geopolitical uncertainties following a long weekend.

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
Newsquawk headlinesUTC

[MARKET ANALYSIS] Asia-Pac stocks gained in holiday-thinned trade amid tech strength, while the region digests strong US jobs data and mixed geopolitical headlines

[MARKET ANALYSIS] DXY faded the early gains as oil reversed course amid mixed geopolitical headlines

[MARKET ANALYSIS] T-note futures struggle for direction after the 3-day weekend stateside and as headlines remain dominated by geopolitics

Japan's Chief Cabinet Secretary Kihara says aware two Japan-linked vessels passed through Hormuz

[MARKET ANALYSIS] Commodities saw two-way price action after Trump threatened to destroy all of Iran's power plants if they don't reopen the Hormuz by Tuesday evening, while Iran exempted Iraq from shipping restrictions

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USTs: -0.5 ticks

  • Lacks direction following the 3-day weekend stateside and with fluctuations in oil amid ongoing uncertainty, as newsflow remains dominated by geopolitics.

JGBs: -29 ticks

  • Just about retreated beneath the 130.00 level amid higher yields and the positive risk sentiment in Japan.
Context

The fluctuations in oil prices and persistent geopolitical news are likely contributing to this indecision in the bond market, suggesting traders are cautious ahead of potential developments that could impact inflation and monetary policy decisions.

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