[MARKET ANALYSIS] Treasury futures are rangebound after rising yesterday on lower oil prices, while upside is contained as supply looms
Treasury futures are experiencing limited movement following yesterday's gains driven by lower oil prices and soft US data.
[MARKET ANALYSIS] DXY regains some composure as oil prices partially rebound, while AUD remains firmer ahead of a widely-expected back-to-back RBA rate hike
Hong Kong Chief Executive Lee says very concerned about rise in oil prices, adds will ensure stable supply of oil in the city
[MARKET ANALYSIS] Treasury futures are rangebound after rising yesterday on lower oil prices, while upside is contained as supply looms
Israel Defence Forces announce wide-scale strikes against Iranian infrastructure and began additional wave of strikes on Hezbollah infrastructure in Beirut
[MARKET ANALYSIS] Oil prices rebounded overnight as Iran refutes reports of recent contact with the US
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USTs: -3.5 ticks
- Slightly pulled back after gaining yesterday as yields softened alongside lower oil prices and weak US data releases, while demand overnight is also constrained ahead of a looming flurry of central bank rate decisions and with supply scheduled later, including a 20yr note offering stateside.
Bunds: -3 ticks
- Trades rangebound following the recent choppy, but positive performance, in which prices return to above the 126.00 level, although further upside is capped heading into German ZEW data.
JGBs: +3 ticks
- JGB futures trade indecisively, but are off early lows after rebounding from a brief dip beneath the 131.00 level, and with the attention turning to today's 20yr JGB auction.
The presence of upcoming central bank rate decisions and new supply, including a substantial 20-year note offering, is creating a cautious sentiment among traders, likely capping any significant upside in bond prices. As we await more data—especially from the German ZEW—markets remain in a holding pattern amid these expectations.
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