[MARKET ANALYSIS] T-note futures lack direction as yields remain elevated and markets await the FOMC Minutes

USTs: -0.5 ticks Lacks direction after recent flattening, but with yields remaining elevated, while attention shifts to FOMC Minutes. Bunds: Flat Remains lacklustre following the recent declines and with pressure from higher energy prices, while demand is also not helped by looming supply, with EUR 6bln bund issuance scheduled today. JGBs: +19 ticks Extended its rebound from support beneath the 126.00 level as yields pulled back, despite the higher oil prices and stronger-than-expected Machinery Orders data.