[MARKET ANALYSIS] T-note futures are little changed heading into today's US inflation report

USTs: +1 tick Price action is range-bound as participants await the looming US inflation report, while there were also recent comments from Fed officials, including Williams, who said one more interest-rate hike this year was appropriate and that there was no need for a rate hike in 2027 at this time. Bunds: +5 ticks Ekes slight gains after pulling back yesterday, although the rebound is limited with little reaction seen to ECB comments and as German supply looms. JGBs: -8 ticks Price action is choppy in the absence of tier-1 data for Japan and with a 5yr JGB auction due today.