[MARKET ANALYSIS] T-note futures take a breather after climbing on soft data, while upside is capped overnight amid the closure of cash treasuries trade and ahead of NFP

The T-note futures are seeing a slight pause after a recent climb attributed to soft U.S.

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
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[MARKET ANALYSIS] T-note futures take a breather after climbing on soft data, while upside is capped overnight amid the closure of cash treasuries trade and ahead of NFP

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USTs: +1 ticks

  • Lingers around the prior day's best levels after climbing in the aftermath of the recent soft data releases, including disappointing Retail Sales, while price action is contained ahead of the Non-Farm Payrolls report and with overnight cash treasuries trade shut due to the Tokyo market closure.

Bunds: +5 ticks

  • Holds on to recent gains after advancing in tandem with global peers, but with further upside limited ahead of today's German Bund issuances.
Context

retail sales data. This indicates that while weak economic indicators may have supported bond prices, market participants are exercising caution as they await the crucial Non-Farm Payrolls report, which could shift sentiment further depending on its outcome.

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