[MARKET ANALYSIS] T-note futures are rangebound ahead of US CPI and looming supply
ORIGINAL · Newsquawk[MARKET ANALYSIS] T-note futures are rangebound ahead of US CPI and looming supplyRead originalHide original
USTs: -2 ticks Price action is subdued after recent curve flattening and despite the recent drop in oil prices, as yields gained alongside the continued equity market rebound. Bunds: +17 ticks Eked out mild gains as price action settles down following recent whipsawing through the 123.00 level. JGBs: -5 ticks Lack of demand following a muted reaction to the BoJ Summary of Opinions and weaker-than-expected Japanese Household Spending data, while participants await today's 30yr JGB auction.
UST futures were slightly lower ahead of CPI and Treasury supply; Bund futures gained, while JGB futures fell amid weak demand and an awaited auction.
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USTs: -2 ticks Price action is subdued after recent curve flattening and despite the recent drop in oil prices, as yields gained alongside the continued equity market rebound. Bunds: +17 ticks Eked out mild gains as price action settles down following recent whipsawing through the 123.00 level. JGBs: -5 ticks Lack of demand following a muted reaction to the BoJ Summary of Opinions and weaker-than-expected Japanese Household Spending data, while participants await today's 30yr JGB auction.
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