Market Analysis

[MARKET ANALYSIS] T-note futures eked mild gains following the choppy mood, with recent price action at the whim of geopolitics

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USTs: +6 ticksEked mild gains but with the upside capped following the prior day's indecisive performance, as markets were fixated on mixed geopolitical headlines.Bunds: +14 ticksRemains afloat in quiet trade heading into supply with a EUR 5bln Bobl issuance scheduled later today, followed by a similarly-sized Bund auction tomorrow.JGBs: -7 ticksTrickled lower to pare some of its recent partial rebound following better-than-expected Q1 GDP data.

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