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

The T-note futures are experiencing a slight pullback after a productive session driven by risk-off sentiment, indicating a potential consolidation phase post-bull flattening.

Newsquawk StaffPublished 13 Feb 2026, 02:59 UTCOn the live feed at 02:39 UTC, 20 minutes before this page

Newsquawk headlinesUTC

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[MARKET ANALYSIS] Asia-Pac stocks declined after tech/AI-related concerns were stoked

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[MARKET ANALYSIS] DXY lacks direction after its recent choppy performance and as CPI data looms

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

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[MARKET ANALYSIS] Oil remains lacklustre after sliding yesterday alongside the broad risk-off mood

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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.

Context

This movement reflects market participants' ongoing concerns, possibly tied to tech sector weaknesses, and could suggest fluctuating demand as investors navigate their safe-haven choices. German bunds, however, are holding firm at year-to-date highs, signaling strong interest as geopolitical dynamics evolve, particularly concerning the Eurozone's fiscal strategy.

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