[MARKET ANALYSIS] Treasury futures rebounded after the selling pressure late last week

USTs: +7 ticks

• Gradually edged higher despite the upside in oil prices, and with participants digesting the recent geopolitical escalation and mixed messages from US President Trump.

Bunds: +15 ticks

• Found some reprieve after recent selling, but with the rebound contained amid higher oil prices.

JGBs: +32 ticks

• Bounced back from contract lows and returned to the 130.00 level, while prices are unfazed by the hawkish tones in the Summary of Opinions, which noted the BoJ debated the need for more rate hikes at the March meeting and that some members signalled the need to accelerate rate hikes.