[MARKET ANALYSIS] Treasury futures marginally rebounded after declining yesterday with markets cautiously optimistic about a Middle East resolution

USTs: +2.5 ticks

• Marginally rebounded from the prior day's lows after retreating amid haven outflows as markets remained cautiously optimistic about a resolution in the Middle East, while there were mixed reports regarding an Israel-Lebanon ceasefire and a US-Iran ceasefire extension.

Bunds: +8 ticks

• Trades rangebound but are off the prior day's lows, while prices have largely ignored the recent slew of ECB rhetoric and reports that officials are said to be leaning towards an April rate hold.

JGBs: ticks

• Slightly trickled lower after failing to sustain the 130.00 level and ahead of today's scheduled enhanced liquidity supply of longer-dated JGBs.