[MARKET ANALYSIS] T-note futures take a breather after bull flattening yesterday as tech-related fears were stoked

USTs: -1.5 ticks

• T-note futures take a breather after advancing yesterday amid a flight-to-quality in risk-off trade and with peaks seen following a stellar 30-year auction stateside.

Bunds: +19 ticks

• Lingers around YTD highs after advancing to above the 129.00 level and with German Chancellor Merz pushing back on calls for a joint European debt issuance, while German WPI data is due later.

JGBs: +15 ticks

• Remains afloat but is off this week's best levels after pulling back from resistance at the 132.00 level and with participants awaiting an enhanced-liquidity auction for long to super-long JGBs.