[MARKET ANALYSIS] Yields continue to ease back from recent peaks

USTs: +4 ticks Continues its gradual rebound from contract lows after the 10yr yield slightly eased back from the highest level in nearly 3 years, and with the curve steepening as attention turns to ISM Services and Fed's Waller today before NFP on Friday. Bunds: +17 ticks Nursed some of the recent losses although remained beneath the 123.00 level with the rebound limited as energy prices remain elevated, providing inflationary-related headwinds for bond futures. JGBs: +39 ticks Rebounded overnight as yields pulled back from multi-decade highs, including the 10yr yield which returned to below 3.00%, while participants await today's 30yr auction.