[MARKET ANALYSIS] Treasury futures are contained amid rising oil prices and incoming supply
Importance
Level 1
USTs: -2 ticks
- Price action is choppy amid the geopolitical uncertainty and following the recent mixed ISM Services report, while price action is also contained ahead of supply.
Bunds: -16 ticks
- Trades subdued following the four-day weekend and energy-related pressure, with demand not helped by upcoming Bund issuances totalling EUR 6.5bln scheduled for Tuesday-Wednesday.
JGBs: -6 ticks
- Languishes beneath the 130.00 level amid higher oil prices and yields, while participants also await today's 30yr JGB auction.
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