[MARKET ANALYSIS] T-note futures are subdued after the 10yr yield rose to 5% for the first time since 2023 amid higher oil prices, looming central bank rate decisions and incoming supply

USTs: -7.5 ticks T-note futures are subdued amid gains in oil prices and after the US 10yr yield hit 5% for the first time since 2023, while prices are also not helped by incoming supply and ahead of Wednesday's FOMC rate decision. Bunds: Flat Lacks demand after recent choppy trade and with participants awaiting German ZEW data and today's EUR 5bln Schatz issuance, followed by EUR 2.5bln of Bunds tomorrow. JGBs: -14 ticks Conformed to the lacklustre mood in global peers as a 20yr auction looms and with the BoJ widely expected to hike rates later in the week.